Victory Capital Management Inc. lessened its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,858,759 shares of the information technology services provider’s stock after selling 89,897 shares during the period. Fidelity National Information Servcs comprises about 0.7% of Victory Capital Management Inc.’s holdings, making the stock its 3rd largest holding. Victory Capital Management Inc. owned approximately 0.87% of Fidelity National Information Servcs worth $293,166,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Essex Savings Bank purchased a new position in Fidelity National Information Servcs during the 4th quarter valued at about $25,000. We Are One Seven LLC purchased a new position in shares of Fidelity National Information Servcs during the 4th quarter worth approximately $27,000. Cornerstone Advisors Inc. grew its holdings in shares of Fidelity National Information Servcs by 64.4% during the 3rd quarter. Cornerstone Advisors Inc. now owns 319 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 125 shares during the period. Legacy Financial Advisors Inc. grew its holdings in shares of Fidelity National Information Servcs by 82.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 576 shares of the information technology services provider’s stock worth $59,000 after acquiring an additional 261 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Fidelity National Information Servcs during the 4th quarter worth approximately $111,000. 89.13% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Goldman Sachs Group upgraded Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and upped their price target for the stock from $108.00 to $128.00 in a research note on Tuesday, December 11th. Barclays assumed coverage on Fidelity National Information Servcs in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $129.00 price target on the stock. Finally, Cantor Fitzgerald upped their price target on Fidelity National Information Servcs from $117.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $120.30.
In related news, CAO Kathleen T. Thompson sold 8,482 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $106.86, for a total value of $906,386.52. Following the transaction, the chief accounting officer now directly owns 8,917 shares of the company’s stock, valued at approximately $952,870.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marc M. Mayo sold 34,826 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $105.00, for a total value of $3,656,730.00. Following the completion of the transaction, the executive vice president now directly owns 24,594 shares in the company, valued at $2,582,370. The disclosure for this sale can be found here. Corporate insiders own 2.08% of the company’s stock.
FIS stock traded down $1.22 during midday trading on Tuesday, hitting $107.88. The company’s stock had a trading volume of 60,998 shares, compared to its average volume of 1,666,221. The stock has a market capitalization of $35.70 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.58 and a beta of 0.77. Fidelity National Information Servcs Inc has a 12 month low of $93.71 and a 12 month 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.
Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Servcs had a return on equity of 15.78% and a net margin of 17.89%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. On average, research analysts predict that Fidelity National Information Servcs Inc will post 5.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.30%. Fidelity National Information Servcs’s dividend payout ratio is 28.96%.
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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