Fidelity National Information Servcs Inc (FIS) Stake Increased by Mackay Shields LLC

Mackay Shields LLC grew its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,579 shares of the information technology services provider’s stock after buying an additional 9,059 shares during the quarter. Mackay Shields LLC’s holdings in Fidelity National Information Servcs were worth $10,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FIS. Lunia Capital LP acquired a new stake in shares of Fidelity National Information Servcs in the 4th quarter valued at approximately $20,720,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Fidelity National Information Servcs by 10,029.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,666,778 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 3,630,580 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Fidelity National Information Servcs by 100.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,378,617 shares of the information technology services provider’s stock valued at $259,436,000 after buying an additional 1,189,590 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Fidelity National Information Servcs by 39.4% in the 4th quarter. California Public Employees Retirement System now owns 1,810,266 shares of the information technology services provider’s stock valued at $185,643,000 after buying an additional 512,052 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Fidelity National Information Servcs by 28.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,815,007 shares of the information technology services provider’s stock valued at $186,129,000 after buying an additional 401,093 shares during the period. 88.11% of the stock is owned by institutional investors and hedge funds.

NYSE FIS opened at $108.88 on Friday. Fidelity National Information Servcs Inc has a 1-year low of $93.71 and a 1-year high of $110.83. The company has a market capitalization of $34.67 billion, a P/E ratio of 20.82, a PEG ratio of 1.20 and a beta of 0.74. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.02. Fidelity National Information Servcs had a return on equity of 16.71% and a net margin of 10.06%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the business posted $1.36 EPS. Fidelity National Information Servcs’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities research analysts expect that Fidelity National Information Servcs Inc will post 7.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.35 per share. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.40 annualized dividend and a yield of 1.29%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 24.47%.

Several equities analysts recently weighed in on FIS shares. Zacks Investment Research downgraded Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Goldman Sachs Group raised Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and raised their price objective for the company from $108.00 to $128.00 in a research note on Tuesday, December 11th. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Servcs in a research note on Tuesday, February 12th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Fidelity National Information Servcs currently has a consensus rating of “Buy” and an average price target of $120.70.

In other Fidelity National Information Servcs news, CEO Gary Norcross sold 160,000 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $108.81, for a total transaction of $17,409,600.00. Following the completion of the transaction, the chief executive officer now owns 249,434 shares of the company’s stock, valued at $27,140,913.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian T. Shea purchased 290 shares of the company’s stock in a transaction on Saturday, October 12th. The shares were bought at an average cost of $101.43 per share, with a total value of $29,414.70. Following the transaction, the director now directly owns 3,210 shares of the company’s stock, valued at approximately $325,590.30. The disclosure for this purchase can be found here. Insiders have sold 282,842 shares of company stock valued at $30,621,347 in the last three months. 2.08% of the stock is currently owned by company insiders.

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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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