Sterling Capital Management LLC Sells 33,779 Shares of Fidelity National Information Servcs Inc (FIS)

Sterling Capital Management LLC trimmed its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 679,379 shares of the information technology services provider’s stock after selling 33,779 shares during the quarter. Sterling Capital Management LLC owned 0.21% of Fidelity National Information Servcs worth $74,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FIS. Parallel Advisors LLC raised its position in Fidelity National Information Servcs by 60.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,131 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 800 shares during the period. Valeo Financial Advisors LLC raised its position in Fidelity National Information Servcs by 139.7% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the information technology services provider’s stock worth $117,000 after purchasing an additional 655 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Fidelity National Information Servcs by 48.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 267,406 shares of the information technology services provider’s stock worth $29,163,000 after purchasing an additional 87,409 shares during the period. Acadian Asset Management LLC raised its position in Fidelity National Information Servcs by 34.9% in the 3rd quarter. Acadian Asset Management LLC now owns 312,713 shares of the information technology services provider’s stock worth $34,107,000 after purchasing an additional 80,875 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its position in Fidelity National Information Servcs by 1.7% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 49,095 shares of the information technology services provider’s stock worth $5,355,000 after purchasing an additional 821 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

A number of analysts recently weighed in on FIS shares. Zacks Investment Research raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Friday, August 3rd. SunTrust Banks increased their price objective on shares of Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. Citigroup reduced their price objective on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday. ValuEngine raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Wood & Company increased their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $117.50.

In other news, Director Stephan A. James sold 23,922 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the transaction, the director now directly owns 41,585 shares in the company, valued at $4,531,517.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lenore D. Williams sold 4,285 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $106.00, for a total transaction of $454,210.00. Following the transaction, the executive vice president now owns 4,999 shares in the company, valued at $529,894. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,129 shares of company stock worth $4,967,533. Corporate insiders own 2.08% of the company’s stock.

Shares of NYSE:FIS traded up $0.30 during trading on Friday, reaching $104.25. 159,214 shares of the company were exchanged, compared to its average volume of 1,844,578. The firm has a market cap of $34.07 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. Fidelity National Information Servcs Inc has a 12-month low of $89.31 and a 12-month high of $110.83. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.38 and a current ratio of 1.34.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. Equities research analysts predict that Fidelity National Information Servcs Inc will post 5.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, December 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

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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