CLARET ASSET MANAGEMENT Corp Acquires New Shares in Fidelity National Information Servcs Inc (NYSE:FIS)

CLARET ASSET MANAGEMENT Corp bought a new position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,559 shares of the information technology services provider’s stock, valued at approximately $207,000.

A number of other large investors also recently made changes to their positions in the stock. First Trust Advisors LP lifted its stake in Fidelity National Information Servcs by 56.1% during the first quarter. First Trust Advisors LP now owns 150,306 shares of the information technology services provider’s stock worth $17,000,000 after purchasing an additional 54,036 shares during the last quarter. Lazard Asset Management LLC increased its position in Fidelity National Information Servcs by 11.4% in the first quarter. Lazard Asset Management LLC now owns 87,931 shares of the information technology services provider’s stock worth $9,943,000 after buying an additional 8,982 shares during the period. Meiji Yasuda Life Insurance Co acquired a new stake in Fidelity National Information Servcs in the first quarter worth $418,000. Hilton Capital Management LLC acquired a new stake in Fidelity National Information Servcs in the first quarter worth $93,000. Finally, Fort L.P. increased its position in Fidelity National Information Servcs by 39.6% in the first quarter. Fort L.P. now owns 21,937 shares of the information technology services provider’s stock worth $2,481,000 after buying an additional 6,227 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on FIS. Atlantic Securities began coverage on Fidelity National Information Servcs in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $175.00 target price on the stock. Robert W. Baird increased their target price on Fidelity National Information Servcs from $145.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Goldman Sachs Group began coverage on Fidelity National Information Servcs in a research report on Thursday, July 25th. They issued a “buy” rating and a $154.00 target price on the stock. Canaccord Genuity began coverage on Fidelity National Information Servcs in a research report on Thursday, September 12th. They issued a “buy” rating and a $151.00 target price on the stock. Finally, Cantor Fitzgerald increased their target price on Fidelity National Information Servcs from $134.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $148.53.

Shares of FIS opened at $132.03 on Friday. The firm has a market capitalization of $79.46 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 2.48 and a beta of 0.64. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.00 and a current ratio of 3.00. Fidelity National Information Servcs Inc has a one year low of $94.53 and a one year high of $141.35. The stock’s fifty day moving average is $133.41 and its 200-day moving average is $124.89.

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 analysts’ consensus estimates of $1.78. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. Analysts forecast that Fidelity National Information Servcs Inc will post 5.83 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 26.77%.

In other news, Director Gary L. Lauer sold 9,981 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $135.77, for a total transaction of $1,355,120.37. Following the transaction, the director now directly owns 18,621 shares of the company’s stock, valued at $2,528,173.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Drucker sold 62,816 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $134.22, for a total value of $8,431,163.52. Following the transaction, the director now directly owns 533,516 shares in the company, valued at $71,608,517.52. The disclosure for this sale can be found here. Insiders have sold 331,737 shares of company stock worth $44,517,690 over the last three months. Corporate insiders own 1.43% of the company’s stock.

Fidelity National Information Servcs Company 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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