BlackRock Inc. Acquires 154910 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

BlackRock Inc. increased its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 0.6% during the 2nd quarter, according to its most …

Fidelity National Information Servcs logoBlackRock Inc. increased its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,907,690 shares of the information technology services provider’s stock after purchasing an additional 154,910 shares during the quarter. BlackRock Inc. owned approximately 8.00% of Fidelity National Information Servcs worth $3,178,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Redhawk Wealth Advisors Inc. bought a new stake in shares of Fidelity National Information Servcs in the second quarter worth about $29,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Fidelity National Information Servcs in the first quarter worth about $29,000. Global Retirement Partners LLC grew its stake in shares of Fidelity National Information Servcs by 46.6% in the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 90 shares during the last quarter. Berman Capital Advisors LLC grew its stake in shares of Fidelity National Information Servcs by 44.4% in the first quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 96 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA grew its stake in shares of Fidelity National Information Servcs by 503.6% in the second quarter. San Francisco Sentry Investment Group CA now owns 332 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 277 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

In other news, Director Gary L. Lauer sold 9,981 shares of Fidelity National Information Servcs stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $135.77, for a total transaction of $1,355,120.37. Following the completion of the transaction, the director now directly owns 18,621 shares in the company, valued at $2,528,173.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa Hook sold 6,000 shares of Fidelity National Information Servcs stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $136.14, for a total transaction of $816,840.00. Following the transaction, the director now owns 6,797 shares of the company’s stock, valued at $925,343.58. The disclosure for this sale can be found here. Insiders have sold 268,921 shares of company stock valued at $36,086,527 over the last quarter. Company insiders own 1.43% of the company’s stock.

Several research firms have weighed in on FIS. Citigroup lifted their price objective on Fidelity National Information Servcs from $142.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Barclays set a $147.00 price objective on Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Monday, August 12th. Oppenheimer set a $148.00 price objective on Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Wednesday, August 7th. SunTrust Banks set a $135.00 price objective on Fidelity National Information Servcs and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $146.30.

Fidelity National Information Servcs stock opened at $130.88 on Friday. The stock’s 50 day simple moving average is $135.05 and its two-hundred day simple moving average is $121.53. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.00 and a current ratio of 3.00. The stock has a market cap of $80.29 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.45 and a beta of 0.65. Fidelity National Information Servcs Inc has a fifty-two week low of $94.53 and a fifty-two week high of $141.35.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.78. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the business earned $1.23 earnings per share. The business’s revenue was up .3% on a year-over-year basis. On average, analysts predict that Fidelity National Information Servcs Inc will post 6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.07%. Fidelity National Information Servcs’s payout ratio is 26.77%.

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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Black Knight Announces Acquisition of Compass Analytics, a Leading Provider of Secondary …

12, 2019 /PRNewswire/ — Black Knight, Inc. (BKI) announced that it has acquired Compass Analytics, LLC, a financial technology innovator that …

– Compass Analytics provides advanced pricing and valuation solutions to support loan officers and capital markets professionals to create a better experience and to offer competitive rates for consumers

– The acquisition will expand Black Knight’s footprint in capital markets; increasing loan and MSR pricing and hedging connectivity between technology providers, sellers, investors and servicers

– Compass Analytics’ CompassPoint™ platform supports integration to lender LOS systems and is used by hundreds of industry professionals to hedge and value more than $400 billion in mortgage originations annually

JACKSONVILLE, Fla., Sept. 12, 2019 /PRNewswire/ — Black Knight, Inc. (BKI) announced that it has acquired Compass Analytics, LLC, a financial technology innovator that provides advanced pricing and valuation solutions to support loan officers and capital markets professionals, creating a better experience and the ability to offer the most competitive rates for consumers.

Black Knight, Inc. Logo (PRNewsfoto/Black Knight, Inc.)Black Knight, Inc. Logo (PRNewsfoto/Black Knight, Inc.)
Black Knight, Inc. Logo (PRNewsfoto/Black Knight, Inc.)

Headquartered in San Francisco, Compass Analytics offers valuation, pipeline risk management and hedge advisory services to help lenders provide competitive rates while remaining profitable. Other capabilities include sophisticated mortgage servicing rights (MSR) analytics, and a cutting-edge, enterprise-level product, pricing and eligibility (PPE) engine, which includes the industry’s broadest API library for pricing and risk management functions.

Black Knight’s acquisition of Compass Analytics will expand its technology footprint in capital markets, improving connectivity between mortgage originators, investors and servicers. Combining the two companies will bring together lenders and investors by leveraging Black Knight’s robust Empower loan origination system, Compass Analytics’ PPE engine to streamline product and pricing, and Compass Analytics’ secondary and risk management activities. The acquisition also adds MSR valuation capabilities to Black Knight solutions, including integration to Applied Financial Technology (AFT) data models, and establishes, end-to-end connectivity and pricing from originators to investors.

“Both Black Knight and Compass Analytics are focused on developing innovative technologies that give enhanced functionality and value to our customers, so integrating our two companies was a natural fit,” said Black Knight CEO Anthony Jabbour. “This acquisition will give us the opportunity to bring clients new and useful tools to improve risk management, gain deeper insight for smarter decision-making, and identify best-execution strategies.”

Earlier in 2019, Compass Analytics was named to HousingWire’s prestigious HW Tech100 list of the housing finance industry’s most innovative technology solutions for its CompassPointTM platform, which is used by hundreds of industry professionals to hedge, value and sell more than $400 billion in mortgage originations annually. Black Knight was also named to the 2019 HW Tech100 list for its Servicing Digital solution, an innovative, consumer-centric mobile app to help servicers deepen customer relationships and increase retention.

“Compass Analytics shares Black Knight’s passion for working collaboratively with clients to help transform the mortgage industry with superior technology, data and analytics,” said Compass Analytics CEO Rob Kessel. “We are proud to join forces with such an exceptional company and believe that combining the capabilities of Compass Analytics and Black Knight will provide the resources to accelerate our joint delivery of open platform, market-leading analytics and price transparency to the industry. Today is a win for our clients, employees and the mortgage industry.”

About Black Knight

Black Knight (BKI) is a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership lifecycle.

As a leading fintech, Black Knight is committed to being a premier business partner that clients rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class software, services and insights with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight, please visit www.blackknightinc.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on Black Knight management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Black Knight undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

The risks and uncertainties that forward-looking statements are subject to include, but are not limited to:

  • security breaches against our information systems;
  • our ability to maintain and grow our relationships with our customers;
  • changes to the laws, rules and regulations that affect our and our customers’ businesses;
  • our ability to adapt our services to changes in technology or the marketplace;
  • the effect of any potential defects, development delays, installation difficulties or system failures on our business and reputation;
  • changes in general economic, business, regulatory and political conditions, particularly as they affect the mortgage industry;
  • risks associated with the availability of data;
  • the effects of our existing leverage on our ability to make acquisitions and invest in our business;
  • our ability to successfully integrate strategic acquisitions;
  • risks associated with our investment in Star Parent, L.P. and the operation of its indirect subsidiary The Dun and Bradstreet Corporation;
  • risks associated with our spin-off from FNF, including limitations on our strategic and operating flexibility as a result of the tax-free nature of the spin-off; and
  • other risks and uncertainties detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of our Annual Report on Form 10-K for the year ended December 31, 2018 and other filings with the SEC.

Information for Investors:

Information for Media:

Steve Eagerton

Michelle Kersch

Black Knight

Black Knight

904.854.3683

904.854.5043

steven.eagerton@bkfs.com

michelle.kersch@bkfs.com

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