NorthCoast Asset Management LLC Sells 13,946 Shares of Fidelity National Information Servcs Inc (FIS)

NorthCoast Asset Management LLC trimmed its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 217,341 shares of the information technology services provider’s stock after selling 13,946 shares during the period. Fidelity National Information Servcs accounts for about 1.8% of NorthCoast Asset Management LLC’s holdings, making the stock its 23rd largest holding. NorthCoast Asset Management LLC owned about 0.07% of Fidelity National Information Servcs worth $20,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Stephens Inc. AR increased its position in shares of Fidelity National Information Servcs by 46.3% during the fourth quarter. Stephens Inc. AR now owns 3,196 shares of the information technology services provider’s stock worth $301,000 after purchasing an additional 1,012 shares in the last quarter. Calton & Associates Inc. acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth about $123,000. Public Employees Retirement Association of Colorado increased its position in Fidelity National Information Servcs by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 62,807 shares of the information technology services provider’s stock valued at $5,910,000 after acquiring an additional 2,096 shares during the period. Puzo Michael J acquired a new position in Fidelity National Information Servcs in the 4th quarter valued at about $235,000. Finally, Checchi Capital Advisers LLC increased its position in Fidelity National Information Servcs by 47.5% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,051 shares of the information technology services provider’s stock valued at $663,000 after acquiring an additional 2,272 shares during the period. 87.26% of the stock is owned by institutional investors.

In related news, Director David K. Hunt sold 17,000 shares of the company’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 value of $1,607,010.00. Following the sale, 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 available through this link. Also, Director Stephan A. James sold 3,600 shares of the company’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 sale, 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. 2.66% of the stock is owned by insiders.

Shares of Fidelity National Information Servcs Inc (NYSE FIS) traded down $0.28 on Tuesday, reaching $94.87. The company’s stock had a trading volume of 84,054 shares, compared to its average volume of 1,727,598. The stock has a market cap of $31,727.52, a price-to-earnings ratio of 21.50, a PEG 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 Inc has a 12 month low of $78.89 and a 12 month high of $103.65.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.02. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.36 billion. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 EPS. equities analysts predict that Fidelity National Information Servcs Inc will post 5.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.32 per share. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.35%. Fidelity National Information Servcs’s payout ratio is 29.59%.

Several equities analysts recently issued reports on FIS shares. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Fidelity National Information Servcs from $106.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Cantor Fitzgerald restated a “buy” rating and issued a $108.00 price target on shares of Fidelity National Information Servcs in a research report on Sunday, November 12th. Royal Bank of Canada restated a “buy” rating and issued a $116.00 price target on shares of Fidelity National Information Servcs in a research report on Wednesday, February 7th. Finally, KeyCorp restated a “buy” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $102.47.

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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.

Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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