Pictet North America Advisors SA Buys New Stake in Fidelity National Information Services, Inc. (FIS)

Pictet North America Advisors SA bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,300 shares of the information technology services provider’s stock, valued at approximately $263,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC raised its position in Fidelity National Information Services by 11.2% in the first quarter. Segall Bryant & Hamill LLC now owns 8,888 shares of the information technology services provider’s stock valued at $708,000 after buying an additional 897 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Fidelity National Information Services by 4.5% in the first quarter. Legal & General Group Plc now owns 1,632,980 shares of the information technology services provider’s stock worth $130,028,000 after buying an additional 70,715 shares during the period. QUANTRES ASSET MANAGEMENT Ltd raised its stake in shares of Fidelity National Information Services by 14.8% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 3,100 shares of the information technology services provider’s stock worth $247,000 after buying an additional 400 shares during the period. FDO Partners LLC raised its stake in shares of Fidelity National Information Services by 16.4% in the first quarter. FDO Partners LLC now owns 22,675 shares of the information technology services provider’s stock worth $1,805,000 after buying an additional 3,194 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Fidelity National Information Services during the first quarter worth about $24,017,000. 86.59% of the stock is currently owned by institutional investors.

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

Shares of Fidelity National Information Services, Inc. (FIS) traded down 0.08% during midday trading on Tuesday, hitting $85.00. 652,713 shares of the stock were exchanged. Fidelity National Information Services, Inc. has a 12 month low of $68.03 and a 12 month high of $87.32. The firm has a 50 day moving average of $84.54 and a 200-day moving average of $80.95. The stock has a market cap of $28.10 billion, a P/E ratio of 43.39 and a beta of 0.83.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Fidelity National Information Services had a net margin of 6.99% and a return on equity of 13.14%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post $4.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Wednesday, June 14th. Fidelity National Information Services’s payout ratio is presently 58.88%.

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A number of equities research analysts have issued reports on FIS shares. Goldman Sachs Group, Inc. (The) lowered shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and set a $86.00 price target on the stock. in a report on Monday, March 27th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, March 28th. Guggenheim started coverage on shares of Fidelity National Information Services in a report on Thursday, March 30th. They issued a “buy” rating and a $90.00 price target on the stock. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $88.00 price target on shares of Fidelity National Information Services in a report on Thursday, April 27th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $88.47.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 1,000 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $85.39, for a total transaction of $85,390.00. Following the transaction, the director now directly owns 14,498 shares in the company, valued at approximately $1,237,984.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary Norcross sold 158,122 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $83.24, for a total transaction of $13,162,075.28. Following the transaction, the insider now owns 465,821 shares in the company, valued at $38,774,940.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 965,518 shares of company stock worth $79,486,066. Company insiders own 2.66% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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