Millennium Management LLC Has $91.27 Million Position in Fidelity National Information Servcs Inc (FIS)

Millennium Management LLC cut its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 8.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 860,824 shares of the information technology services provider’s stock after selling 83,238 shares during the quarter. Millennium Management LLC owned 0.26% of Fidelity National Information Servcs worth $91,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of FIS. Rampart Investment Management Company LLC boosted its holdings in Fidelity National Information Servcs by 145.3% during the 1st quarter. Rampart Investment Management Company LLC now owns 10,994 shares of the information technology services provider’s stock valued at $1,059,000 after acquiring an additional 6,512 shares during the period. WealthTrust Fairport LLC lifted its holdings in Fidelity National Information Servcs by 1.3% in the 1st quarter. WealthTrust Fairport LLC now owns 70,094 shares of the information technology services provider’s stock worth $6,750,000 after buying an additional 883 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in Fidelity National Information Servcs in the 1st quarter worth approximately $261,000. Cerebellum GP LLC lifted its holdings in Fidelity National Information Servcs by 133.6% in the 2nd quarter. Cerebellum GP LLC now owns 1,696 shares of the information technology services provider’s stock worth $180,000 after buying an additional 970 shares during the period. Finally, CenturyLink Investment Management Co purchased a new stake in Fidelity National Information Servcs in the 2nd quarter worth approximately $1,665,000. Institutional investors own 88.07% of the company’s stock.

Several research firms have weighed in on FIS. ValuEngine cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Cantor Fitzgerald increased their price objective on Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. Wolfe Research began coverage on Fidelity National Information Servcs in a report on Tuesday, July 17th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, August 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $114.55.

NYSE FIS opened at $110.12 on Monday. Fidelity National Information Servcs Inc has a fifty-two week low of $89.31 and a fifty-two week high of $110.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $36.01 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.02. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Fidelity National Information Servcs had a return on equity of 15.42% and a net margin of 16.59%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. research analysts expect that Fidelity National Information Servcs Inc will post 5.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, September 13th. Fidelity National Information Servcs’s payout ratio is presently 28.96%.

In other news, Director David K. Hunt sold 17,922 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $106.38, for a total value of $1,906,542.36. Following the completion of the transaction, the director now owns 24,989 shares in the company, valued at approximately $2,658,329.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James B. Stallings, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $107.23, for a total value of $160,845.00. Following the completion of the transaction, the director now owns 10,817 shares of the company’s stock, valued at approximately $1,159,906.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,707 shares of company stock valued at $2,521,597. 2.08% of the stock is currently owned by company insiders.

Fidelity National Information Servcs Profile

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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