Landaas & Co. WI ADV Cuts Stake in Fidelity National Information Servcs Inc (FIS)

Landaas & Co. WI ADV lowered its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,781 shares of the information technology services provider’s stock after selling 1,120 shares during the period. Fidelity National Information Servcs comprises approximately 0.6% of Landaas & Co. WI ADV’s holdings, making the stock its 14th largest holding. Landaas & Co. WI ADV’s holdings in Fidelity National Information Servcs were worth $732,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BB&T Investment Services Inc. purchased a new position in Fidelity National Information Servcs in the second quarter valued at about $103,000. WFG Advisors LP grew its stake in Fidelity National Information Servcs by 99.8% in the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after purchasing an additional 593 shares during the last quarter. Calton & Associates Inc. purchased a new position in Fidelity National Information Servcs in the fourth quarter valued at about $123,000. Cerebellum GP LLC purchased a new position in Fidelity National Information Servcs in the fourth quarter valued at about $126,000. Finally, Rockefeller Financial Services Inc. purchased a new stake in shares of Fidelity National Information Servcs during the third quarter worth about $128,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

In other Fidelity National Information Servcs news, EVP Gregory G. Montana sold 58,547 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $92.54, for a total value of $5,417,939.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the director now directly owns 29,498 shares of the company’s stock, valued at $2,798,475.26. The disclosure for this sale can be found here. Insiders sold 79,147 shares of company stock valued at $7,366,481 over the last three months. 2.66% of the stock is currently owned by corporate insiders.

FIS has been the topic of a number of research analyst reports. Barclays boosted their price target on Fidelity National Information Servcs from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Cantor Fitzgerald restated a “buy” rating and set a $108.00 price target on shares of Fidelity National Information Servcs in a research note on Sunday, November 12th. JPMorgan Chase & Co. lowered Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 12th. KeyCorp restated a “buy” rating on shares of Fidelity National Information Servcs in a research note on Wednesday, November 1st. Finally, Zacks Investment Research lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $102.27.

Fidelity National Information Servcs Inc (FIS) opened at $96.77 on Thursday. Fidelity National Information Servcs Inc has a twelve month low of $77.63 and a twelve month high of $103.65. The stock has a market capitalization of $31,957.89, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.92 and a quick ratio of 1.25.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $1.14 earnings per share. Fidelity National Information Servcs’s revenue for the quarter was down 4.7% on a year-over-year basis. equities research analysts predict that Fidelity National Information Servcs Inc will post 5.2 EPS 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 issued a $0.32 dividend. The ex-dividend date is Thursday, March 15th. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.32%. Fidelity National Information Servcs’s payout ratio is presently 29.59%.

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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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