Fidelity National Information Servcs Inc (NYSE:FIS) Holdings Lifted by Executive Wealth Management LLC

Executive Wealth Management LLC grew its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 36.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 726 shares of the information technology services provider’s stock after purchasing an additional 194 shares during the period. Executive Wealth Management LLC’s holdings in Fidelity National Information Servcs were worth $89,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Fidelity National Information Servcs by 3.5% in the first quarter. BlackRock Inc. now owns 25,752,780 shares of the information technology services provider’s stock valued at $2,912,641,000 after acquiring an additional 877,811 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fidelity National Information Servcs by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock valued at $462,775,000 after acquiring an additional 347,672 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Fidelity National Information Servcs by 8.9% in the first quarter. Janus Henderson Group PLC now owns 4,160,296 shares of the information technology services provider’s stock valued at $470,524,000 after acquiring an additional 341,701 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Fidelity National Information Servcs by 4.5% in the first quarter. Northern Trust Corp now owns 3,814,840 shares of the information technology services provider’s stock valued at $431,458,000 after acquiring an additional 163,877 shares in the last quarter. Finally, Meritage Group LP boosted its holdings in shares of Fidelity National Information Servcs by 0.3% in the first quarter. Meritage Group LP now owns 2,718,636 shares of the information technology services provider’s stock valued at $307,478,000 after acquiring an additional 8,872 shares in the last quarter. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Shares of NYSE:FIS traded up $2.89 during mid-day trading on Thursday, hitting $133.57. The stock had a trading volume of 115,295 shares, compared to its average volume of 8,227,597. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $42.91 billion, a P/E ratio of 25.53, a PEG ratio of 2.53 and a beta of 0.64. Fidelity National Information Servcs Inc has a 12-month low of $94.53 and a 12-month high of $137.24. The firm’s 50 day simple moving average is $129.86.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.78. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. As a group, equities research analysts anticipate that Fidelity National Information Servcs Inc will post 5.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.35 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Fidelity National Information Servcs from $139.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Oppenheimer set a $148.00 price objective on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a report on Wednesday, August 7th. Susquehanna Bancshares initiated coverage on shares of Fidelity National Information Servcs in a research note on Friday, May 31st. They set a “positive” rating and a $140.00 target price for the company. Wedbush set a $150.00 target price on shares of Fidelity National Information Servcs and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Moffett Nathanson initiated coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, May 21st. They set a “buy” rating and a $147.00 target price for the company. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $143.61.

In related news, Director Gary L. Lauer sold 9,981 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $135.77, for a total value of $1,355,120.37. Following the completion of the sale, the director now owns 18,621 shares in the company, valued at approximately $2,528,173.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James B. Stallings, Jr. sold 1,240 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $122.55, for a total transaction of $151,962.00. Following the completion of the sale, the director now owns 8,370 shares of the company’s stock, valued at approximately $1,025,743.50. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by corporate insiders.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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