Strs Ohio Has $2.47 Million Position in Fidelity National Information Servcs Inc (FIS)

Strs Ohio increased its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,607 shares of the information technology services provider’s stock after purchasing an additional 1,114 shares during the quarter. Strs Ohio’s holdings in Fidelity National Information Servcs were worth $2,465,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FIS. Moneta Group Investment Advisors LLC purchased a new position in Fidelity National Information Servcs during the second quarter worth about $114,000. Fort L.P. purchased a new position in Fidelity National Information Servcs in the second quarter valued at about $121,000. Advisors Asset Management Inc. boosted its stake in Fidelity National Information Servcs by 588.2% in the second quarter. Advisors Asset Management Inc. now owns 9,208 shares of the information technology services provider’s stock valued at $133,000 after acquiring an additional 7,870 shares during the last quarter. Rational Advisors LLC boosted its stake in Fidelity National Information Servcs by 1,676.5% in the second quarter. Rational Advisors LLC now owns 1,439 shares of the information technology services provider’s stock valued at $153,000 after acquiring an additional 1,358 shares during the last quarter. Finally, Edge Wealth Management LLC purchased a new position in Fidelity National Information Servcs in the second quarter valued at about $180,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

NYSE FIS opened at $99.13 on Tuesday. Fidelity National Information Servcs Inc has a 12-month low of $89.31 and a 12-month high of $110.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $33.33 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.62 and a beta of 0.93.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.02. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. Research analysts predict that Fidelity National Information Servcs Inc will post 5.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 28.96%.

FIS has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their target price on shares of Fidelity National Information Servcs to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. Zacks Investment Research cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. SunTrust Banks boosted their target price on shares of Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Wolfe Research initiated coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, July 17th. They issued an “outperform” rating on the stock. Finally, ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Fidelity National Information Servcs currently has an average rating of “Buy” and an average target price of $115.54.

In other news, Director David K. Hunt sold 17,922 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $106.38, for a total value of $1,906,542.36. Following the sale, the director now owns 24,989 shares of the company’s stock, valued at $2,658,329.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephan A. James sold 23,922 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the completion of the sale, the director now directly owns 41,585 shares in the company, valued at approximately $4,531,517.45. The disclosure for this sale can be found here. In the last three months, insiders sold 46,129 shares of company stock worth $4,967,533. Insiders own 2.08% of the company’s stock.

About Fidelity National Information Servcs

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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