IBM Retirement Fund Grows Position in Fidelity National Information Servcs Inc (NYSE:FIS)

IBM Retirement Fund lifted its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 115.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,838 shares of the information technology services provider’s stock after buying an additional 5,816 shares during the quarter. IBM Retirement Fund’s holdings in Fidelity National Information Servcs were worth $1,439,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FIS. Nuveen Asset Management LLC lifted its holdings in shares of Fidelity National Information Servcs by 9,131.1% in the second quarter. Nuveen Asset Management LLC now owns 4,432,427 shares of the information technology services provider’s stock worth $543,771,000 after buying an additional 4,384,411 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Fidelity National Information Servcs by 19.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 21,546,773 shares of the information technology services provider’s stock worth $2,860,549,000 after buying an additional 3,461,019 shares in the last quarter. Adelphi Capital LLP bought a new stake in Fidelity National Information Servcs in the third quarter worth $245,269,000. Diamond Hill Capital Management Inc. bought a new stake in Fidelity National Information Servcs in the third quarter worth $244,417,000. Finally, Assenagon Asset Management S.A. increased its position in Fidelity National Information Servcs by 15,477.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,527,029 shares of the information technology services provider’s stock worth $202,728,000 after purchasing an additional 1,517,226 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

FIS stock traded up $1.30 during mid-day trading on Wednesday, reaching $133.92. 178,767 shares of the stock traded hands, compared to its average volume of 3,532,013. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.86 and a current ratio of 0.86. Fidelity National Information Servcs Inc has a one year low of $94.53 and a one year high of $141.35. The stock has a market capitalization of $80.32 billion, a PE ratio of 25.59, a PEG ratio of 2.66 and a beta of 0.63. The business has a 50-day moving average price of $130.94 and a two-hundred day moving average price of $127.73.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.08. Fidelity National Information Servcs had a net margin of 8.24% and a return on equity of 12.07%. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the business posted $1.33 earnings per share. The business’s revenue was up 35.4% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Information Servcs Inc will post 5.51 earnings per share for the current fiscal year.

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

FIS has been the topic of several research reports. Wedbush set a $150.00 price target on shares of Fidelity National Information Servcs and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup boosted their price target on shares of 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. Atlantic Securities initiated coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $175.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Fidelity National Information Servcs from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer set a $148.00 price target on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Fidelity National Information Servcs presently has an average rating of “Buy” and a consensus price target of $148.67.

In other Fidelity National Information Servcs news, insider Mark L. Heimbouch sold 111,586 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $134.28, for a total transaction of $14,983,768.08. Following the transaction, the insider now owns 199,168 shares in the company, valued at $26,744,279.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lisa Hook sold 6,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $136.14, for a total transaction of $816,840.00. Following the transaction, the director now owns 6,797 shares in the company, valued at approximately $925,343.58. The disclosure for this sale can be found here. Insiders have sold 321,756 shares of company stock worth $43,162,570 in the last quarter. Company insiders own 1.43% of the company’s stock.

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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