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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