Oakbrook Investments LLC Acquires 6,131 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

Oakbrook Investments LLC boosted its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 57.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,843 shares of the information technology services provider’s stock after purchasing an additional 6,131 shares during the quarter. Oakbrook Investments LLC’s holdings in Fidelity National Information Servcs were worth $2,236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. San Francisco Sentry Investment Group CA increased its stake in Fidelity National Information Servcs by 41.6% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 470 shares of the information technology services provider’s stock worth $62,000 after acquiring an additional 138 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in Fidelity National Information Servcs in the 3rd quarter worth approximately $234,000. Wedbush Securities Inc. increased its stake in Fidelity National Information Servcs by 24.2% in the 3rd quarter. Wedbush Securities Inc. now owns 5,938 shares of the information technology services provider’s stock worth $788,000 after acquiring an additional 1,158 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity National Information Servcs by 4.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 251,274 shares of the information technology services provider’s stock worth $33,359,000 after acquiring an additional 11,809 shares during the last quarter. Finally, Outlook Wealth Advisors LLC bought a new stake in Fidelity National Information Servcs in the 3rd quarter worth approximately $330,000. 92.69% of the stock is currently owned by institutional investors.

In related news, Director Lisa Hook sold 6,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $136.14, for a total transaction of $816,840.00. Following the completion of the transaction, the director now owns 6,797 shares in the company, valued at approximately $925,343.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary L. Lauer sold 9,981 shares of the business’s 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 transaction, the director now owns 18,621 shares of the company’s stock, valued at approximately $2,528,173.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 331,737 shares of company stock worth $44,517,690. Corporate insiders own 1.43% of the company’s stock.

NYSE FIS opened at $128.33 on Friday. The company has a market cap of $80.07 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.50 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. The business’s 50 day moving average price is $132.82 and its 200-day moving average price is $125.61. Fidelity National Information Servcs Inc has a fifty-two week low of $94.53 and a fifty-two week high of $141.35.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.78. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS. As a group, equities analysts predict that Fidelity National Information Servcs Inc will post 5.83 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

A number of analysts have issued reports on FIS shares. Berenberg Bank set a $171.00 price objective on Fidelity National Information Servcs and gave the stock a “buy” rating in a research note on Friday, August 9th. Barclays set a $147.00 price objective on Fidelity National Information Servcs and gave the stock a “buy” rating in a research note on Monday, August 12th. SunTrust Banks set a $135.00 price objective on Fidelity National Information Servcs and gave the stock a “hold” rating in a research note on Wednesday, August 7th. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Wedbush set a $150.00 price objective on Fidelity National Information Servcs and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Fidelity National Information Servcs has a consensus rating of “Buy” and a consensus target price of $148.53.

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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