Paloma Partners Management Co Has $2.01 Million Stake in Fidelity National Information Servcs Inc (FIS)

Paloma Partners Management Co raised its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 360.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,358 shares of the information technology services provider’s stock after buying an additional 16,723 shares during the quarter. Paloma Partners Management Co’s holdings in Fidelity National Information Servcs were worth $2,009,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Calton & Associates Inc. acquired a new position in shares of Fidelity National Information Servcs during the 4th quarter worth about $123,000. Cerebellum GP LLC acquired a new position in shares of Fidelity National Information Servcs during the 4th quarter worth about $126,000. Thompson Investment Management Inc. acquired a new position in shares of Fidelity National Information Servcs during the 3rd quarter worth about $201,000. Virtu Financial LLC acquired a new position in shares of Fidelity National Information Servcs during the 4th quarter worth about $201,000. Finally, Taurus Asset Management LLC acquired a new position in shares of Fidelity National Information Servcs during the 3rd quarter worth about $203,000. Institutional investors own 87.90% of the company’s stock.

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In other Fidelity National Information Servcs news, insider Gary Norcross sold 293,333 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $94.30, for a total transaction of $27,661,301.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James W. Woodall sold 87,195 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $100.60, for a total value of $8,771,817.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,256,602 shares of company stock valued at $123,478,574. Insiders own 2.66% of the company’s stock.

Several equities analysts have recently issued reports on FIS shares. Stephens restated a “buy” rating and set a $114.00 target price on shares of Fidelity National Information Servcs in a research report on Thursday. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Friday, February 9th. Royal Bank of Canada reiterated 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. Barclays reiterated a “buy” rating and issued a $115.00 price objective on shares of Fidelity National Information Servcs in a research report on Friday, January 5th. Finally, JPMorgan Chase lowered Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Fidelity National Information Servcs presently has an average rating of “Buy” and an average price target of $105.69.

NYSE:FIS opened at $95.53 on Friday. Fidelity National Information Servcs Inc has a twelve month low of $79.43 and a twelve month high of $103.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $31,793.21, a price-to-earnings ratio of 21.61, a PEG ratio of 1.54 and a beta of 0.91.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The business’s revenue was down 4.7% on a year-over-year basis. sell-side analysts forecast that Fidelity National Information Servcs Inc will post 5.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.34%. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. Fidelity National Information Servcs’s dividend payout ratio is 28.96%.

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Fidelity National Information Servcs 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.

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

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