Buckingham Asset Management LLC increased its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,886 shares of the information technology services provider’s stock after purchasing an additional 170 shares during the quarter. Buckingham Asset Management LLC’s holdings in Fidelity National Information Servcs were worth $473,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. MBE Wealth Management LLC bought a new stake in shares of Fidelity National Information Servcs in the 1st quarter worth approximately $162,000. Aptus Capital Advisors LLC bought a new stake in shares of Fidelity National Information Servcs in the 1st quarter worth approximately $2,179,000. AE Wealth Management LLC raised its holdings in shares of Fidelity National Information Servcs by 43.4% in the 1st quarter. AE Wealth Management LLC now owns 12,843 shares of the information technology services provider’s stock worth $1,562,000 after purchasing an additional 3,890 shares during the period. Wellington Shields Capital Management LLC raised its holdings in shares of Fidelity National Information Servcs by 14.1% in the 1st quarter. Wellington Shields Capital Management LLC now owns 56,513 shares of the information technology services provider’s stock worth $6,874,000 after purchasing an additional 6,985 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in Fidelity National Information Servcs in the 1st quarter valued at approximately $550,000. 90.63% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on FIS. Oppenheimer reduced their price objective on shares of Fidelity National Information Servcs from $175.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Cantor Fitzgerald lifted their price objective on shares of Fidelity National Information Servcs from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Rosenblatt Securities began coverage on shares of Fidelity National Information Servcs in a research note on Friday, March 27th. They issued a “buy” rating and a $140.00 price objective for the company. Canaccord Genuity reiterated a “buy” rating and issued a $178.00 price objective (up from $151.00) on shares of Fidelity National Information Servcs in a research note on Friday, February 14th. Finally, SunTrust Banks boosted their price target on shares of Fidelity National Information Servcs from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Five analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and a consensus target price of $151.69.

Shares of NYSE:FIS opened at $132.22 on Friday. Fidelity National Information Servcs Inc has a 52-week low of $91.68 and a 52-week high of $158.21. The firm has a fifty day moving average of $124.61 and a 200 day moving average of $135.17. The firm has a market capitalization of $79.64 billion, a PE ratio of 254.27, a price-to-earnings-growth ratio of 1.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.05.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. Fidelity National Information Servcs had a net margin of 1.45% and a return on equity of 7.89%. The firm’s revenue for the quarter was up 49.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. On average, sell-side analysts forecast that Fidelity National Information Servcs Inc will post 5.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Servcs’s dividend payout ratio is presently 24.96%.

In other Fidelity National Information Servcs news, Director James B. Stallings, Jr. sold 10,489 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $154.94, for a total value of $1,625,165.66. Following the completion of the sale, the director now directly owns 11,532 shares of the company’s stock, valued at $1,786,768.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephanie Ferris sold 52,547 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $155.39, for a total transaction of $8,165,278.33. Following the completion of the sale, the chief operating officer now directly owns 21,659 shares of the company’s stock, valued at $3,365,592.01. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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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