Brown Advisory Inc. Has $2.77 Million Stake in Fidelity National Information Servcs Inc (FIS)

Brown Advisory Inc. lifted its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,422 shares of the information technology services provider’s stock after buying an additional 2,215 shares during the period. Brown Advisory Inc.’s holdings in Fidelity National Information Servcs were worth $2,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Fidelity National Information Servcs by 3.0% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 28,729 shares of the information technology services provider’s stock worth $3,133,000 after buying an additional 830 shares during the period. Virtu Financial LLC boosted its holdings in Fidelity National Information Servcs by 51.3% in the third quarter. Virtu Financial LLC now owns 3,474 shares of the information technology services provider’s stock valued at $379,000 after purchasing an additional 1,178 shares during the last quarter. Gideon Capital Advisors Inc. purchased a new position in Fidelity National Information Servcs in the third quarter valued at about $1,674,000. Boston Private Wealth LLC boosted its holdings in Fidelity National Information Servcs by 0.6% in the third quarter. Boston Private Wealth LLC now owns 147,293 shares of the information technology services provider’s stock valued at $16,065,000 after purchasing an additional 820 shares during the last quarter. Finally, Westpac Banking Corp boosted its holdings in Fidelity National Information Servcs by 325.9% in the third quarter. Westpac Banking Corp now owns 90,709 shares of the information technology services provider’s stock valued at $9,894,000 after purchasing an additional 69,411 shares during the last quarter. 88.13% of the stock is owned by institutional investors.

NYSE:FIS opened at $104.62 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 1.34. Fidelity National Information Servcs Inc has a 52 week low of $92.12 and a 52 week high of $110.83. The company has a market cap of $34.64 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.69 and a beta of 0.91.

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

The company 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Information Servcs’s dividend payout ratio is presently 28.96%.

In other Fidelity National Information Servcs news, EVP Gregory G. Montana sold 50,354 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $105.46, for a total transaction of $5,310,332.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephan A. James sold 23,922 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total value of $2,606,780.34. Following the transaction, 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.

FIS has been the subject of a number of analyst reports. SunTrust Banks increased their price target 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. Citigroup reduced their price target on Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. ValuEngine raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Wood & Company increased their price target on Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a report on Thursday, September 27th. They noted that the move was a valuation call. Finally, Barclays initiated coverage on Fidelity National Information Servcs in a report on Wednesday, November 14th. They issued an “overweight” rating and a $129.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $118.67.

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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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