Nicolet Bankshares Inc. Boosts Stake in Fidelity National Information Servcs Inc (NYSE:FIS)

Nicolet Bankshares Inc. lifted its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 2.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 13,064 shares of the information technology services provider’s stock after purchasing an additional 358 shares during the period. Nicolet Bankshares Inc.’s holdings in Fidelity National Information Servcs were worth $1,603,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. KBC Group NV lifted its stake in Fidelity National Information Servcs by 135.6% in the 2nd quarter. KBC Group NV now owns 183,233 shares of the information technology services provider’s stock valued at $22,479,000 after buying an additional 105,474 shares in the last quarter. Boston Advisors LLC raised its holdings in Fidelity National Information Servcs by 8.1% in the 2nd quarter. Boston Advisors LLC now owns 42,372 shares of the information technology services provider’s stock valued at $5,198,000 after acquiring an additional 3,176 shares during the last quarter. Dupont Capital Management Corp raised its holdings in Fidelity National Information Servcs by 4.2% in the 2nd quarter. Dupont Capital Management Corp now owns 37,323 shares of the information technology services provider’s stock valued at $4,579,000 after acquiring an additional 1,500 shares during the last quarter. Pegasus Partners Ltd. acquired a new stake in Fidelity National Information Servcs in the 2nd quarter valued at about $384,000. Finally, Janney Montgomery Scott LLC raised its holdings in Fidelity National Information Servcs by 1.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 22,820 shares of the information technology services provider’s stock valued at $2,800,000 after acquiring an additional 240 shares during the last quarter. 93.03% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director James B. Stallings, Jr. sold 1,240 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $122.55, for a total transaction of $151,962.00. Following the completion of the sale, the director now owns 8,370 shares in the company, valued at approximately $1,025,743.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.43% of the stock is owned by company insiders.

Shares of NYSE FIS traded up $0.11 during midday trading on Friday, reaching $136.50. 3,246,509 shares of the stock were exchanged, compared to its average volume of 7,989,374. The firm has a 50 day moving average of $128.66. The stock has a market cap of $44.18 billion, a PE ratio of 26.10, a P/E/G ratio of 1.71 and a beta of 0.64. The company has a quick ratio of 1.03, a current ratio of 3.00 and a debt-to-equity ratio of 1.67. Fidelity National Information Servcs Inc has a twelve month low of $94.53 and a twelve month high of $137.24.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.78. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. On average, research analysts predict that Fidelity National Information Servcs Inc will post 6.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.03%. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

A number of analysts have commented on the stock. Northcoast Research reiterated a “neutral” rating on shares of Fidelity National Information Servcs in a report on Wednesday. ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Goldman Sachs Group assumed coverage on shares of Fidelity National Information Servcs in a report on Thursday, July 25th. They issued a “buy” rating and a $154.00 price objective for the company. Wells Fargo & Co increased their price objective on shares of Fidelity National Information Servcs from $117.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Finally, Cantor Fitzgerald increased their price objective 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. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $156.00.

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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