Fidelity National Information Servcs Inc (FIS) Position Lowered by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 25.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,623 shares of the information technology services provider’s stock after selling 26,347 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Fidelity National Information Servcs were worth $8,248,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Fidelity National Information Servcs by 15.6% in the second quarter. BlackRock Inc. now owns 26,143,372 shares of the information technology services provider’s stock worth $2,771,982,000 after acquiring an additional 3,530,593 shares during the period. Voya Investment Management LLC lifted its stake in Fidelity National Information Servcs by 18.4% in the second quarter. Voya Investment Management LLC now owns 4,524,231 shares of the information technology services provider’s stock valued at $479,704,000 after buying an additional 701,796 shares during the period. Findlay Park Partners LLP lifted its stake in Fidelity National Information Servcs by 9.0% in the third quarter. Findlay Park Partners LLP now owns 3,950,000 shares of the information technology services provider’s stock valued at $430,827,000 after buying an additional 325,000 shares during the period. Janus Henderson Group PLC lifted its stake in Fidelity National Information Servcs by 2.6% in the third quarter. Janus Henderson Group PLC now owns 3,293,441 shares of the information technology services provider’s stock valued at $359,215,000 after buying an additional 83,645 shares during the period. Finally, Bessemer Group Inc. lifted its stake in Fidelity National Information Servcs by 2.4% in the third quarter. Bessemer Group Inc. now owns 3,111,585 shares of the information technology services provider’s stock valued at $339,380,000 after buying an additional 73,841 shares during the period. 88.13% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on FIS shares. Citigroup dropped their price target on Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Cantor Fitzgerald boosted their price target on Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, October 31st. ValuEngine raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. SunTrust Banks boosted their price target on Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Finally, Wood & Company boosted their price target on Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $118.67.

In other news, EVP Gregory G. Montana sold 50,354 shares of the business’s 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 Securities & Exchange Commission, which is available at this link. Also, Director Stephan A. James sold 23,922 shares of the business’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 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. Insiders own 2.08% of the company’s stock.

Shares of FIS opened at $104.62 on Friday. 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 current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $34.75 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 earnings per share. Equities analysts predict that Fidelity National Information Servcs Inc will post 5.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.22%. Fidelity National Information Servcs’s dividend payout ratio is 28.96%.

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About Fidelity National Information Servcs

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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