New Mexico Educational Retirement Board Sells 800 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

New Mexico Educational Retirement Board lowered its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,464 shares of the information technology services provider’s stock after selling 800 shares during the period. New Mexico Educational Retirement Board’s holdings in Fidelity National Information Servcs were worth $3,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of Fidelity National Information Servcs by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock worth $462,775,000 after acquiring an additional 347,672 shares during the period. Pennsylvania Trust Co increased its position in shares of Fidelity National Information Servcs by 19.2% during the first quarter. Pennsylvania Trust Co now owns 34,082 shares of the information technology services provider’s stock valued at $3,854,000 after purchasing an additional 5,497 shares during the period. Brinker Capital Inc. increased its position in shares of Fidelity National Information Servcs by 1.1% during the first quarter. Brinker Capital Inc. now owns 41,637 shares of the information technology services provider’s stock valued at $4,709,000 after purchasing an additional 451 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Fidelity National Information Servcs in the first quarter valued at $4,391,000. Finally, Rosenblum Silverman Sutton S F Inc. CA grew its position in Fidelity National Information Servcs by 72.5% in the first quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 55,280 shares of the information technology services provider’s stock valued at $6,252,000 after acquiring an additional 23,225 shares during the period. 95.16% of the stock is owned by institutional investors.

In other news, Director Lisa Hook sold 6,000 shares of Fidelity National Information Servcs stock in a transaction on Friday, August 16th. The stock was sold at an average price of $136.14, for a total value of $816,840.00. Following the transaction, 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 is available at the SEC website. Also, Director Gary L. Lauer sold 9,981 shares of Fidelity National Information Servcs stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $135.77, for a total value of $1,355,120.37. Following the completion of the transaction, the director now owns 18,621 shares in the company, valued at approximately $2,528,173.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,221 shares of company stock worth $2,323,922. Corporate insiders own 1.43% of the company’s stock.

NYSE:FIS traded down $1.53 during mid-day trading on Thursday, hitting $136.67. The company had a trading volume of 47,829 shares, compared to its average volume of 8,796,742. Fidelity National Information Servcs Inc has a fifty-two week low of $94.53 and a fifty-two week high of $140.73. The business’s fifty day moving average is $132.00 and its two-hundred day moving average is $118.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.00 and a current ratio of 3.00. The firm has a market cap of $44.83 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.59 and a beta of 0.64.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, meeting the consensus estimate of $1.78. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts forecast that Fidelity National Information Servcs Inc will post 6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid 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 yield of 1.02%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

A number of analysts have weighed in on FIS shares. Berenberg Bank set a $171.00 price target on Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Friday, August 9th. Moffett Nathanson began coverage on Fidelity National Information Servcs in a research report on Tuesday, May 21st. They issued a “buy” rating and a $147.00 price target on the stock. Oppenheimer set a $148.00 price objective on Fidelity National Information Servcs and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Northcoast Research reissued a “neutral” rating on shares of Fidelity National Information Servcs in a research note on Wednesday, August 7th. Finally, Raymond James set a $149.00 price objective on Fidelity National Information Servcs and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $143.61.

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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