Fidelity National Information Servcs Inc (FIS) Shares Bought by American International Group Inc.

American International Group Inc. raised its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,903 shares of the information technology services provider’s stock after purchasing an additional 6,282 shares during the period. American International Group Inc.’s holdings in Fidelity National Information Servcs were worth $15,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIS. BlackRock Inc. increased its stake in Fidelity National Information Servcs by 15.6% in the second quarter. BlackRock Inc. now owns 26,143,372 shares of the information technology services provider’s stock valued at $2,771,982,000 after purchasing an additional 3,530,593 shares in the last quarter. EdgePoint Investment Group Inc. bought a new stake in Fidelity National Information Servcs in the second quarter valued at $256,346,000. Alliancebernstein L.P. increased its stake in Fidelity National Information Servcs by 100.0% in the third quarter. Alliancebernstein L.P. now owns 2,378,617 shares of the information technology services provider’s stock valued at $259,436,000 after purchasing an additional 1,189,590 shares in the last quarter. Findlay Park Partners LLP increased its stake in Fidelity National Information Servcs by 39.4% in the second quarter. Findlay Park Partners LLP now owns 3,625,000 shares of the information technology services provider’s stock valued at $384,359,000 after purchasing an additional 1,025,000 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Fidelity National Information Servcs by 12,015.1% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 761,192 shares of the information technology services provider’s stock valued at $83,023,000 after purchasing an additional 754,909 shares in the last quarter. 88.92% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE FIS opened at $103.26 on Friday. The stock has a market cap of $33.85 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. Fidelity National Information Servcs Inc has a 1 year low of $91.50 and a 1 year high of $110.83. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.89.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.03. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts anticipate that Fidelity National Information Servcs Inc will post 5.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, December 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

Several research firms have weighed in on FIS. SunTrust Banks lifted their price target on shares of Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Wood & Company lifted their price target on shares of Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Barclays began coverage on shares of Fidelity National Information Servcs in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $129.00 price target for the company. Zacks Investment Research cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Finally, Cantor Fitzgerald lifted their price objective on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $118.67.

In other Fidelity National Information Servcs news, Director Stephan A. James sold 23,922 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total value of $2,606,780.34. Following the transaction, the director now directly owns 41,585 shares in the company, valued at $4,531,517.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory G. Montana sold 50,354 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $105.46, for a total transaction of $5,310,332.84. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by insiders.

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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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