ACG Wealth lowered its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 25.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,560 shares of the information technology services provider’s stock after selling 2,985 shares during the period. ACG Wealth’s holdings in Fidelity National Information Servcs were worth $805,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can raised its position in shares of Fidelity National Information Servcs by 13.5% in the fourth quarter. Bank of Montreal Can now owns 371,371 shares of the information technology services provider’s stock valued at $34,942,000 after purchasing an additional 44,149 shares during the period. Puzo Michael J bought a new stake in shares of Fidelity National Information Servcs in the fourth quarter valued at approximately $235,000. Andra AP fonden raised its position in shares of Fidelity National Information Servcs by 2.3% in the third quarter. Andra AP fonden now owns 160,000 shares of the information technology services provider’s stock valued at $14,942,000 after purchasing an additional 3,600 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Fidelity National Information Servcs by 10.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,034 shares of the information technology services provider’s stock valued at $2,525,000 after purchasing an additional 2,474 shares during the period. Finally, Synovus Financial Corp bought a new stake in shares of Fidelity National Information Servcs in the third quarter valued at approximately $279,000. 87.26% of the stock is currently owned by institutional investors.

Shares of Fidelity National Information Servcs Inc (NYSE FIS) opened at $96.00 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 0.92. The firm has a market cap of $32,108.13, a P/E ratio of 24.49, a P/E/G ratio of 1.55 and a beta of 0.90. Fidelity National Information Servcs Inc has a twelve month low of $78.89 and a twelve month high of $103.65.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.02. Fidelity National Information Servcs had a net margin of 14.46% and a return on equity of 14.46%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. analysts forecast that Fidelity National Information Servcs Inc will post 5.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, March 15th. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. Fidelity National Information Servcs’s payout ratio is currently 29.59%.

In other Fidelity National Information Servcs news, insider Gary Norcross sold 293,333 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $94.30, for a total value of $27,661,301.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephan A. James sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $94.87, for a total transaction of $341,532.00. Following the completion of the transaction, the director now directly owns 29,498 shares of the company’s stock, valued at approximately $2,798,475.26. The disclosure for this sale can be found here. In the last three months, insiders sold 313,933 shares of company stock valued at $29,609,844. Corporate insiders own 2.66% of the company’s stock.

Several analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of Fidelity National Information Servcs from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Barclays reissued a “buy” rating and issued a $115.00 price target on shares of Fidelity National Information Servcs in a research report on Friday, January 5th. JPMorgan Chase & Co. lowered shares of Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a report on Tuesday, December 12th. BMO Capital Markets upped their target price on shares of Fidelity National Information Servcs from $104.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $108.00 target price (up previously from $100.00) on shares of Fidelity National Information Servcs in a report on Wednesday, November 1st. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Fidelity National Information Servcs currently has an average rating of “Buy” and a consensus target price of $102.47.

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Fidelity National Information Servcs 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.

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

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