2,416 Shares in Fidelity National Information Servcs Inc (FIS) Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC acquired a new position in Fidelity National Information Servcs Inc (NYSE:FIS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,416 shares of the information technology services provider’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Assenagon Asset Management S.A. increased its holdings in shares of Fidelity National Information Servcs by 254.9% in the second quarter. Assenagon Asset Management S.A. now owns 617,668 shares of the information technology services provider’s stock worth $65,491,000 after buying an additional 443,624 shares during the period. Bessemer Group Inc. increased its holdings in shares of Fidelity National Information Servcs by 15.1% in the second quarter. Bessemer Group Inc. now owns 3,037,744 shares of the information technology services provider’s stock worth $322,091,000 after buying an additional 398,843 shares during the period. Boston Advisors LLC increased its holdings in Fidelity National Information Servcs by 4,624.1% during the 2nd quarter. Boston Advisors LLC now owns 306,075 shares of the information technology services provider’s stock valued at $32,453,000 after purchasing an additional 299,596 shares during the period. Jennison Associates LLC increased its holdings in Fidelity National Information Servcs by 30.2% during the 2nd quarter. Jennison Associates LLC now owns 1,145,042 shares of the information technology services provider’s stock valued at $121,409,000 after purchasing an additional 265,293 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Fidelity National Information Servcs by 4.4% during the 2nd quarter. Wells Fargo & Company MN now owns 4,671,821 shares of the information technology services provider’s stock valued at $495,353,000 after purchasing an additional 196,434 shares during the period. Hedge funds and other institutional investors own 86.95% of the company’s stock.

In other Fidelity National Information Servcs news, Director Keith W. Hughes sold 5,835 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $106.87, for a total transaction of $623,586.45. Following the transaction, the director now owns 29,380 shares in the company, valued at approximately $3,139,840.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James B. Stallings, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $107.23, for a total value of $160,845.00. Following the transaction, the director now owns 10,817 shares in the company, valued at approximately $1,159,906.91. The disclosure for this sale can be found here. Insiders have sold a total of 11,620 shares of company stock worth $1,238,641 in the last quarter. Company insiders own 2.08% of the company’s stock.

Shares of NYSE:FIS opened at $106.34 on Friday. Fidelity National Information Servcs Inc has a 1 year low of $88.97 and a 1 year high of $109.95. The stock has a market cap of $35.14 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. Fidelity National Information Servcs had a return on equity of 15.42% and a net margin of 16.59%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the business earned $1.04 EPS. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. analysts expect that Fidelity National Information Servcs Inc will post 5.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.20%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 28.96%.

FIS has been the topic of a number of research analyst reports. ValuEngine upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Citigroup boosted their price target on Fidelity National Information Servcs from $112.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. Credit Suisse Group boosted their price target on Fidelity National Information Servcs from $113.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. Oppenheimer boosted their price target on Fidelity National Information Servcs from $105.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. Finally, Wolfe Research initiated coverage on Fidelity National Information Servcs in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Fidelity National Information Servcs currently has an average rating of “Buy” and a consensus target price of $114.55.

About Fidelity National Information Servcs

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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