Fidelity National Information Servcs Inc (FIS) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc cut its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 36,311 shares of the information technology services provider’s stock after selling 1,728 shares during the quarter. CIBC Asset Management Inc’s holdings in Fidelity National Information Servcs were worth $3,417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFG Advisors LP lifted its holdings in Fidelity National Information Servcs by 99.8% in the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after purchasing an additional 593 shares in the last quarter. BB&T Investment Services Inc. purchased a new position in Fidelity National Information Servcs in the 2nd quarter worth approximately $103,000. Cerebellum GP LLC purchased a new position in Fidelity National Information Servcs in the 4th quarter worth approximately $126,000. Rockefeller Financial Services Inc. bought a new stake in Fidelity National Information Servcs in the 3rd quarter worth approximately $128,000. Finally, Thompson Investment Management Inc. bought a new stake in Fidelity National Information Servcs in the 3rd quarter worth approximately $201,000. 87.62% of the stock is currently owned by institutional investors.

FIS has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Fidelity National Information Servcs from $106.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $108.00 price objective (up previously from $100.00) on shares of Fidelity National Information Servcs in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Fidelity National Information Servcs in a research note on Sunday, November 12th. Finally, Barclays reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Fidelity National Information Servcs in a research note on Friday, January 5th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $102.27.

Fidelity National Information Servcs Inc (NYSE:FIS) opened at $96.77 on Thursday. The firm has a market capitalization of $32,310.00, a P/E ratio of 24.38, a PEG ratio of 1.67 and a beta of 0.90. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Fidelity National Information Servcs Inc has a 12-month low of $77.63 and a 12-month high of $103.65.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.02. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.36 billion. Fidelity National Information Servcs had a return on equity of 14.05% and a net margin of 5.82%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. analysts forecast that Fidelity National Information Servcs Inc will post 4.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.32%. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. Fidelity National Information Servcs’s payout ratio is currently 29.22%.

In other news, Director David K. Hunt sold 17,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $94.53, for a total transaction of $1,607,010.00. Following the transaction, the director now owns 19,154 shares of the company’s stock, valued at approximately $1,810,627.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephan A. James sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $94.87, for a total value of $341,532.00. Following the transaction, the director now directly owns 29,498 shares in the company, valued at approximately $2,798,475.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,147 shares of company stock worth $7,366,481. Corporate insiders own 2.66% of the company’s stock.

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About Fidelity National Information Servcs

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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