Gabelli Funds LLC reduced its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,000 shares of the information technology services provider’s stock after selling 2,000 shares during the period. Gabelli Funds LLC’s holdings in Fidelity National Information Servcs were worth $13,743,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of FIS. Moneta Group Investment Advisors LLC acquired a new position in Fidelity National Information Servcs in the 2nd quarter worth about $114,000. Stratos Wealth Partners LTD. acquired a new position in shares of Fidelity National Information Servcs during the 3rd quarter valued at about $114,000. Valeo Financial Advisors LLC increased its holdings in shares of Fidelity National Information Servcs by 139.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the information technology services provider’s stock valued at $117,000 after acquiring an additional 655 shares during the last quarter. Price Capital Management Inc. acquired a new position in shares of Fidelity National Information Servcs during the 3rd quarter valued at about $120,000. Finally, Fort L.P. acquired a new position in shares of Fidelity National Information Servcs during the 2nd quarter valued at about $121,000. 87.86% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on FIS shares. Cantor Fitzgerald increased their price objective on Fidelity National Information Servcs to $117.00 and gave the company an “overweight” rating in a report on Wednesday, August 1st. Zacks Investment Research lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Monday, August 6th. SunTrust Banks increased their price objective on Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a report on Monday, September 24th. They noted that the move was a valuation call. Wolfe Research started coverage on Fidelity National Information Servcs in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, Citigroup lowered their price objective on Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $117.50.
FIS opened at $107.47 on Friday. The company has a market capitalization of $35.15 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.71 and a beta of 0.91. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89. Fidelity National Information Servcs Inc has a 12-month low of $91.33 and a 12-month high of $110.83.
Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. Fidelity National Information Servcs had a return on equity of 15.78% and a net margin of 17.89%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. Research analysts expect that Fidelity National Information Servcs Inc will post 5.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 28.96%.
In other Fidelity National Information Servcs news, Director David K. Hunt sold 17,922 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $106.38, for a total value of $1,906,542.36. Following the sale, the director now owns 24,989 shares of the company’s stock, valued at approximately $2,658,329.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephan A. James sold 23,922 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total value of $2,606,780.34. Following the completion of the sale, the director now directly owns 41,585 shares in the company, valued at approximately $4,531,517.45. The disclosure for this sale can be found here. Company insiders own 2.08% of the company’s stock.
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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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