Comerica Bank Lowers Position in Fidelity National Information Servcs Inc (FIS)

Comerica Bank lowered its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 19.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,349 shares of the information technology services provider’s stock after selling 18,750 shares during the period. Comerica Bank’s holdings in Fidelity National Information Servcs were worth $8,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FIS. Unigestion Holding SA acquired a new position in shares of Fidelity National Information Servcs during the second quarter worth $10,740,000. EdgePoint Investment Group Inc. acquired a new position in shares of Fidelity National Information Servcs in the 2nd quarter valued at $256,346,000. Natixis increased its position in shares of Fidelity National Information Servcs by 1,257.7% in the 2nd quarter. Natixis now owns 577,810 shares of the information technology services provider’s stock valued at $61,265,000 after acquiring an additional 535,253 shares during the period. Capital Fund Management S.A. increased its position in shares of Fidelity National Information Servcs by 32.6% in the 2nd quarter. Capital Fund Management S.A. now owns 79,757 shares of the information technology services provider’s stock valued at $8,457,000 after acquiring an additional 19,600 shares during the period. Finally, Andra AP fonden increased its position in shares of Fidelity National Information Servcs by 10.7% in the 3rd quarter. Andra AP fonden now owns 83,600 shares of the information technology services provider’s stock valued at $9,118,000 after acquiring an additional 8,100 shares during the period. Institutional investors own 87.86% of the company’s stock.

In related news, Director David K. Hunt sold 17,922 shares of Fidelity National Information Servcs stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $106.38, for a total value of $1,906,542.36. Following the completion of the sale, the director now owns 24,989 shares in the company, valued at approximately $2,658,329.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephan A. James sold 23,922 shares of Fidelity National Information Servcs stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the completion of the sale, the director now owns 41,585 shares of the company’s stock, valued at approximately $4,531,517.45. The disclosure for this sale can be found here. 2.08% of the stock is currently owned by company insiders.

Shares of NYSE FIS opened at $107.47 on Friday. The company has a market cap of $34.28 billion, a PE ratio of 24.31, a PEG ratio of 1.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.34 and a quick ratio of 1.34. Fidelity National Information Servcs Inc has a 1 year low of $91.33 and a 1 year high of $110.83.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 EPS. On average, sell-side analysts expect that Fidelity National Information Servcs Inc will post 5.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.28 annualized dividend and a yield of 1.19%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

Several equities analysts recently issued reports on the company. SunTrust Banks upped their target price on Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. Wood & Company upped their target price on Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. Wolfe Research assumed coverage on Fidelity National Information Servcs in a research report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Cantor Fitzgerald upped their target price on Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $117.50.

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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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