Banque Pictet & Cie SA reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,825 shares of the information technology services provider’s stock after selling 9,121 shares during the period. Banque Pictet & Cie SA’s holdings in Fidelity National Information Services were worth $6,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Fidelity National Information Services by 10.5% in the second quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock valued at $1,984,199,000 after buying an additional 2,208,363 shares during the period. Vanguard Group Inc. lifted its holdings in Fidelity National Information Services by 3.3% in the second quarter. Vanguard Group Inc. now owns 22,545,037 shares of the information technology services provider’s stock valued at $1,925,346,000 after buying an additional 726,796 shares during the period. Longview Partners Guernsey LTD lifted its holdings in Fidelity National Information Services by 5.5% in the third quarter. Longview Partners Guernsey LTD now owns 10,025,942 shares of the information technology services provider’s stock valued at $936,323,000 after buying an additional 521,300 shares during the period. Wells Fargo & Company MN raised its holdings in Fidelity National Information Services by 4.8% in the second quarter. Wells Fargo & Company MN now owns 5,380,794 shares of the information technology services provider’s stock worth $459,519,000 after purchasing an additional 245,431 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Fidelity National Information Services by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 4,870,184 shares of the information technology services provider’s stock worth $415,887,000 after purchasing an additional 69,174 shares during the period. Institutional investors and hedge funds own 86.15% of the company’s stock.

In other Fidelity National Information Services news, EVP Gregory G. Montana sold 58,547 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $92.54, for a total value of $5,417,939.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James B. Stallings, Jr. sold 8,486 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $91.87, for a total transaction of $779,608.82. Following the completion of the transaction, the director now directly owns 12,317 shares in the company, valued at $1,131,562.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,033 shares of company stock valued at $15,433,548. 2.66% of the stock is currently owned by corporate insiders.

FIS has been the topic of several analyst reports. BidaskClub lowered shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Tuesday, October 3rd. Stephens reiterated a “positive” rating and issued a $101.00 target price (up from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Credit Suisse Group reissued an “outperform” rating and set a $108.00 price objective (up previously from $100.00) on shares of Fidelity National Information Services in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co lowered their price objective on shares of Fidelity National Information Services from $106.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $98.38.

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Fidelity National Information Services, Inc. (FIS) traded down $1.14 during midday trading on Friday, hitting $92.06. 1,692,006 shares of the stock were exchanged, compared to its average volume of 1,531,222. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The firm has a market cap of $31,120.00, a PE ratio of 22.25, a PEG ratio of 1.77 and a beta of 0.88. Fidelity National Information Services, Inc. has a one year low of $73.97 and a one year high of $96.67.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.12. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. Fidelity National Information Services’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. equities analysts anticipate that Fidelity National Information Services, Inc. will post 4.41 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has approved a stock repurchase plan on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Information Services’s dividend payout ratio is presently 72.05%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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