Vestmark Advisory Solutions Inc. Purchases 3,365 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

Vestmark Advisory Solutions Inc. boosted its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 173.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,305 shares of the information technology services provider’s stock after buying an additional 3,365 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Fidelity National Information Servcs were worth $704,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FIS. Nuveen Asset Management LLC lifted its holdings in Fidelity National Information Servcs by 9,131.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,432,427 shares of the information technology services provider’s stock valued at $543,771,000 after purchasing an additional 4,384,411 shares during the last quarter. Adelphi Capital LLP bought a new position in Fidelity National Information Servcs during the 3rd quarter valued at about $245,269,000. Diamond Hill Capital Management Inc. bought a new position in Fidelity National Information Servcs during the 3rd quarter valued at about $244,417,000. Assenagon Asset Management S.A. lifted its holdings in Fidelity National Information Servcs by 15,477.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,527,029 shares of the information technology services provider’s stock valued at $202,728,000 after purchasing an additional 1,517,226 shares during the last quarter. Finally, Senator Investment Group LP bought a new position in Fidelity National Information Servcs during the 2nd quarter valued at about $153,350,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Lisa Hook sold 6,000 shares of Fidelity National Information Servcs stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $136.14, for a total transaction of $816,840.00. Following the completion of the sale, the director now owns 6,797 shares in the company, valued at approximately $925,343.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles Drucker sold 62,816 shares of Fidelity National Information Servcs stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $134.22, for a total transaction of $8,431,163.52. Following the sale, the director now owns 533,516 shares of the company’s stock, valued at approximately $71,608,517.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 355,179 shares of company stock valued at $47,566,384. 1.43% of the stock is owned by corporate insiders.

FIS traded up $1.20 during midday trading on Wednesday, hitting $133.82. The company had a trading volume of 4,046,395 shares, compared to its average volume of 3,534,351. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $80.32 billion, a PE ratio of 25.59, a P/E/G ratio of 2.66 and a beta of 0.63. Fidelity National Information Servcs Inc has a twelve month low of $94.53 and a twelve month high of $141.35. The firm’s 50-day simple moving average is $130.98 and its 200-day simple moving average is $127.84.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Fidelity National Information Servcs had a net margin of 8.24% and a return on equity of 12.07%. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.33 EPS. As a group, sell-side analysts anticipate that Fidelity National Information Servcs Inc will post 5.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, December 12th. Fidelity National Information Servcs’s dividend payout ratio is 26.77%.

Several brokerages recently issued reports on FIS. Oppenheimer set a $148.00 price target on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a report on Wednesday, August 7th. Northcoast Research reissued a “neutral” rating on shares of Fidelity National Information Servcs in a report on Wednesday, August 7th. Citigroup lifted their price target on shares of Fidelity National Information Servcs from $142.00 to $152.00 and gave the company a “buy” rating in a report on Monday, September 9th. Cantor Fitzgerald lifted their price target on shares of Fidelity National Information Servcs from $134.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, ValuEngine raised shares of Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $148.67.

Fidelity National Information Servcs 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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