Tesco Pension Investment Ltd Decreases Stake in Fidelity National Information Servcs Inc (FIS)

Tesco Pension Investment Ltd reduced its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 2.7% during the first quarter, Holdings Channel reports. The fund owned 2,080,355 shares of the information technology services provider’s stock after selling 58,586 shares during the period. Fidelity National Information Servcs comprises 27.2% of Tesco Pension Investment Ltd’s investment portfolio, making the stock its 2nd largest position. Tesco Pension Investment Ltd’s holdings in Fidelity National Information Servcs were worth $1,656,378,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FIS. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Fidelity National Information Servcs by 1.5% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 23,863 shares of the information technology services provider’s stock worth $1,838,000 after buying an additional 355 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Fidelity National Information Servcs by 3.1% in the third quarter. State of Wisconsin Investment Board now owns 314,077 shares of the information technology services provider’s stock worth $24,193,000 after buying an additional 9,300 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Fidelity National Information Servcs during the third quarter worth approximately $2,133,000. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Fidelity National Information Servcs by 1.6% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 530,613 shares of the information technology services provider’s stock worth $40,873,000 after buying an additional 8,113 shares during the last quarter. Finally, Argentus Capital Management LLC increased its stake in shares of Fidelity National Information Servcs by 11.2% in the third quarter. Argentus Capital Management LLC now owns 5,087 shares of the information technology services provider’s stock worth $392,000 after buying an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.

Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

Shares of Fidelity National Information Servcs Inc (NYSE:FIS) traded up 0.70% during mid-day trading on Friday, hitting $83.39. 849,708 shares of the stock traded hands. Fidelity National Information Servcs Inc has a 52 week low of $68.03 and a 52 week high of $84.97. The company has a market cap of $27.57 billion, a price-to-earnings ratio of 42.57 and a beta of 0.84. The stock has a 50-day moving average of $82.02 and a 200-day moving average of $79.56.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Fidelity National Information Servcs had a net margin of 6.15% and a return on equity of 13.03%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. Analysts anticipate that Fidelity National Information Servcs Inc will post $4.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.16 annualized dividend and a yield of 1.40%. Fidelity National Information Servcs’s dividend payout ratio is presently 60.12%.

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A number of equities research analysts recently commented on FIS shares. Cantor Fitzgerald set a $89.00 price objective on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Tuesday, February 7th. Barclays PLC started coverage on shares of Fidelity National Information Servcs in a research report on Wednesday, February 8th. They issued an “overweight” rating and a $91.00 price objective for the company. Credit Suisse Group AG upgraded shares of Fidelity National Information Servcs from a “neutral” rating to an “outperform” rating and set a $88.00 price objective for the company in a research report on Wednesday, February 8th. Goldman Sachs Group Inc downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “neutral” rating and set a $86.00 price target for the company. in a research report on Monday, March 27th. Finally, William Blair reiterated an “outperform” rating on shares of Fidelity National Information Servcs in a research report on Tuesday, March 28th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Fidelity National Information Servcs currently has a consensus rating of “Buy” and an average price target of $88.17.

In other news, Director Frank R. Martire sold 305,500 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $81.96, for a total transaction of $25,038,780.00. Following the transaction, the director now owns 99,633 shares in the company, valued at approximately $8,165,920.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kathleen T. Thompson sold 3,200 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $82.21, for a total transaction of $263,072.00. Following the transaction, the senior vice president now owns 8,573 shares in the company, valued at approximately $704,786.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,382,349 shares of company stock worth $113,560,258. Company insiders own 2.29% of the company’s stock.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

5 Day Chart for NYSE:FIS

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Servcs Inc (NYSE:FIS).

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