Eagle Asset Management Inc. Boosts Stock Position in Fidelity National Information Servcs Inc (NYSE:FIS)

Eagle Asset Management Inc. boosted its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 11,058.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 743,689 shares of the information technology services provider’s stock after purchasing an additional 737,024 shares during the period. Eagle Asset Management Inc. owned about 0.12% of Fidelity National Information Servcs worth $98,732,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FIS. CIBC Private Wealth Group LLC raised its stake in shares of Fidelity National Information Servcs by 18.2% in the second quarter. CIBC Private Wealth Group LLC now owns 2,183,177 shares of the information technology services provider’s stock valued at $267,834,000 after buying an additional 336,826 shares during the period. Atria Investments LLC raised its stake in shares of Fidelity National Information Servcs by 93.7% in the second quarter. Atria Investments LLC now owns 14,136 shares of the information technology services provider’s stock valued at $1,872,000 after buying an additional 6,837 shares during the period. Cannell Peter B & Co. Inc. raised its stake in shares of Fidelity National Information Servcs by 75.2% in the second quarter. Cannell Peter B & Co. Inc. now owns 438,723 shares of the information technology services provider’s stock valued at $53,823,000 after buying an additional 188,288 shares during the period. Dana Investment Advisors Inc. bought a new stake in shares of Fidelity National Information Servcs in the second quarter valued at $3,178,000. Finally, FDx Advisors Inc. raised its stake in shares of Fidelity National Information Servcs by 29.8% in the second quarter. FDx Advisors Inc. now owns 5,867 shares of the information technology services provider’s stock valued at $720,000 after buying an additional 1,348 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO James W. Woodall sold 100,499 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $133.76, for a total value of $13,442,746.24. Following the completion of the transaction, the chief financial officer now directly owns 157,497 shares in the company, valued at approximately $21,066,798.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark L. Heimbouch sold 111,586 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $134.28, for a total value of $14,983,768.08. Following the completion of the transaction, the insider now owns 199,168 shares of the company’s stock, valued at $26,744,279.04. The disclosure for this sale can be found here. Insiders sold a total of 321,756 shares of company stock worth $43,162,570 over the last 90 days. Corporate insiders own 1.43% of the company’s stock.

NYSE FIS traded down $1.66 during trading on Friday, reaching $130.69. The company’s stock had a trading volume of 2,854,975 shares, compared to its average volume of 3,529,609. The stock has a market capitalization of $81.09 billion, a PE ratio of 24.99, a P/E/G ratio of 2.68 and a beta of 0.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.86 and a quick ratio of 3.00. The firm has a fifty day moving average of $130.98 and a 200 day moving average of $127.44. Fidelity National Information Servcs Inc has a one year low of $94.53 and a one year high of $141.35.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.84 billion. Fidelity National Information Servcs had a return on equity of 12.07% and a net margin of 8.24%. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. Research analysts expect that Fidelity National Information Servcs Inc will post 5.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

Several analysts have issued reports on FIS shares. Robert W. Baird boosted their target price on Fidelity National Information Servcs from $158.00 to $162.00 and gave the company an “outperform” rating in a research note on Wednesday. Wedbush set a $150.00 target price on Fidelity National Information Servcs and gave the company an “outperform” rating in a research note on Wednesday, August 7th. SunTrust Banks set a $135.00 target price on Fidelity National Information Servcs and gave the company a “hold” rating in a research note on Wednesday, August 7th. ValuEngine upgraded Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Bank of America boosted their target price on Fidelity National Information Servcs from $143.00 to $158.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $148.38.

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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