Fidelity National Information Servcs Inc (FIS) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. cut its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 17.1% during the fourth quarter, Holdings Channel reports. The fund owned 85,793 shares of the information technology services provider’s stock after selling 17,649 shares during the period. Baird Financial Group Inc.’s holdings in Fidelity National Information Servcs were worth $8,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Puzo Michael J bought a new stake in Fidelity National Information Servcs during the 4th quarter worth approximately $235,000. Bank of Montreal Can grew its position in Fidelity National Information Servcs by 13.5% during the 4th quarter. Bank of Montreal Can now owns 371,371 shares of the information technology services provider’s stock worth $34,942,000 after acquiring an additional 44,149 shares during the last quarter. Andra AP fonden grew its position in Fidelity National Information Servcs by 2.3% during the 3rd quarter. Andra AP fonden now owns 160,000 shares of the information technology services provider’s stock worth $14,942,000 after acquiring an additional 3,600 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Fidelity National Information Servcs by 10.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,034 shares of the information technology services provider’s stock worth $2,525,000 after acquiring an additional 2,474 shares during the last quarter. Finally, Synovus Financial Corp bought a new stake in Fidelity National Information Servcs during the 3rd quarter worth approximately $279,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

Fidelity National Information Servcs Inc (FIS) opened at $99.82 on Friday. The company has a market capitalization of $32,465.51, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.58 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 data on Tuesday, February 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. The firm 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 business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. equities research analysts predict that Fidelity National Information Servcs Inc will post 5.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.28%. 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. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 29.59%.

FIS has been the topic of a number of research analyst reports. Credit Suisse Group restated an “outperform” rating and set a $108.00 price target (up from $100.00) on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. They noted that the move was a valuation call. JPMorgan Chase & Co. decreased 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. Oppenheimer increased their price target on Fidelity National Information Servcs from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. KeyCorp restated a “buy” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. Finally, Cantor Fitzgerald restated a “buy” rating and set a $108.00 price target on shares of Fidelity National Information Servcs in a research report on Sunday, November 12th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $102.47.

In other news, Director David K. Hunt sold 17,000 shares of the stock in a transaction 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 transaction, 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Stephan A. James sold 3,600 shares of the stock in a transaction 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 transaction, 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. Insiders sold a total of 313,933 shares of company stock worth $29,609,844 over the last quarter. Corporate insiders own 2.66% of the company’s stock.

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Fidelity National Information Servcs Company Profile

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.

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

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