Davidson Investment Advisors Purchases Shares of 56,334 Fidelity National Information Servcs Inc (NYSE:FIS)

Davidson Investment Advisors acquired a new stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 56,334 shares of the information technology services provider’s stock, valued at approximately $7,479,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FIS. First PREMIER Bank purchased a new position in shares of Fidelity National Information Servcs during the 3rd quarter valued at about $25,000. Hall Laurie J Trustee bought a new position in Fidelity National Information Servcs during the 3rd quarter worth approximately $25,000. Ironwood Financial llc bought a new position in Fidelity National Information Servcs during the 3rd quarter worth approximately $25,000. Lenox Wealth Management Inc. bought a new position in Fidelity National Information Servcs during the 3rd quarter worth approximately $25,000. Finally, First Financial Corp IN bought a new position in Fidelity National Information Servcs during the 3rd quarter worth approximately $28,000. 92.69% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on FIS shares. Canaccord Genuity started coverage on Fidelity National Information Servcs in a research report on Thursday, September 12th. They set a “buy” rating and a $151.00 price target on the stock. Oppenheimer set a $148.00 price target on Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Citigroup raised their price target on Fidelity National Information Servcs from $142.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. ValuEngine upgraded Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Bank of America raised their price target on Fidelity National Information Servcs from $143.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $148.67.

Shares of FIS stock traded up $0.96 during trading hours on Tuesday, reaching $133.32. The company’s stock had a trading volume of 347,426 shares, compared to its average volume of 3,003,729. The stock has a market capitalization of $80.32 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.66 and a beta of 0.63. Fidelity National Information Servcs Inc has a one year low of $94.53 and a one year high of $141.35. The firm’s fifty day simple moving average is $130.93 and its 200 day simple moving average is $127.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.34.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.08. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.84 billion. Fidelity National Information Servcs had a return on equity of 12.07% and a net margin of 8.24%. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. As a group, equities research analysts forecast that Fidelity National Information Servcs Inc will post 5.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, December 12th. Fidelity National Information Servcs’s payout ratio is presently 26.77%.

In other news, Director Charles Drucker sold 62,816 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $134.22, for a total value of $8,431,163.52. Following the completion of the transaction, the director now owns 533,516 shares in the company, valued at approximately $71,608,517.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lisa Hook sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $136.14, for a total value of $816,840.00. Following the completion of the transaction, the director now owns 6,797 shares of the company’s stock, valued at approximately $925,343.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 321,756 shares of company stock valued at $43,162,570. 1.43% of the stock is currently owned by company insiders.

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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