Fidelity National Information Servcs Inc (FIS) Stake Increased by Pinebridge Investments L.P.

Pinebridge Investments L.P. grew its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 72.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,597 shares of the information technology services provider’s stock after buying an additional 8,247 shares during the period. Pinebridge Investments L.P.’s holdings in Fidelity National Information Servcs were worth $1,844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Puzo Michael J acquired a new stake in shares of Fidelity National Information Servcs in the fourth quarter valued at approximately $235,000. Bank of Montreal Can lifted its position in shares of Fidelity National Information Servcs by 13.5% in the fourth quarter. Bank of Montreal Can now owns 371,371 shares of the information technology services provider’s stock valued at $34,942,000 after buying an additional 44,149 shares during the last quarter. Andra AP fonden lifted its position in shares of Fidelity National Information Servcs by 2.3% in the third quarter. Andra AP fonden now owns 160,000 shares of the information technology services provider’s stock valued at $14,942,000 after buying an additional 3,600 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Fidelity National Information Servcs by 10.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,034 shares of the information technology services provider’s stock valued at $2,525,000 after buying an additional 2,474 shares during the last quarter. Finally, Synovus Financial Corp acquired a new stake in shares of Fidelity National Information Servcs in the third quarter valued at approximately $279,000. 85.75% of the stock is owned by institutional investors.

In other Fidelity National Information Servcs news, Director Stephan A. James sold 3,600 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $94.87, for a total transaction of $341,532.00. Following the transaction, the director now owns 29,498 shares in the company, valued at approximately $2,798,475.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gary Norcross sold 293,333 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $94.30, for a total value of $27,661,301.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,933 shares of company stock worth $29,609,844. Corporate insiders own 2.66% of the company’s stock.

Fidelity National Information Servcs Inc (FIS) opened at $98.03 on Friday. The firm has a market capitalization of $32,435.33, a P/E ratio of 21.98, a PEG ratio of 1.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 0.92. Fidelity National Information Servcs Inc has a 52 week low of $78.89 and a 52 week high of $103.65.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. research analysts expect that Fidelity National Information Servcs Inc will post 5.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 15th. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 29.59%.

A number of research firms have recently issued reports on FIS. Robert W. Baird raised their price objective on Fidelity National Information Servcs from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. KeyCorp reaffirmed a “buy” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. BMO Capital Markets raised their price objective on Fidelity National Information Servcs from $104.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Fidelity National Information Servcs in a research report on Wednesday, February 7th. Finally, Barclays increased their target price 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. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average 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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