IFP Advisors Inc Grows Stake in Fidelity National Information Servcs Inc (FIS)

IFP Advisors Inc lifted its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 126.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,733 shares of the information technology services provider’s stock after purchasing an additional 968 shares during the period. IFP Advisors Inc’s holdings in Fidelity National Information Servcs were worth $189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FIS. Fort L.P. purchased a new stake in shares of Fidelity National Information Servcs in the 2nd quarter valued at approximately $121,000. Rational Advisors LLC increased its position in shares of Fidelity National Information Servcs by 1,676.5% in the 2nd quarter. Rational Advisors LLC now owns 1,439 shares of the information technology services provider’s stock valued at $153,000 after purchasing an additional 1,358 shares during the last quarter. Edge Wealth Management LLC purchased a new stake in shares of Fidelity National Information Servcs in the 2nd quarter valued at approximately $180,000. HighPoint Advisor Group LLC purchased a new stake in shares of Fidelity National Information Servcs in the 3rd quarter valued at approximately $192,000. Finally, Citizens & Northern Corp purchased a new stake in shares of Fidelity National Information Servcs in the 2nd quarter valued at approximately $203,000. 87.86% of the stock is owned by institutional investors and hedge funds.

In other Fidelity National Information Servcs news, Director Stephan A. James sold 23,922 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $4,531,517.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David K. Hunt sold 17,922 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $106.38, for a total transaction of $1,906,542.36. Following the transaction, the director now directly owns 24,989 shares in the company, valued at $2,658,329.82. The disclosure for this sale can be found here. Company insiders own 2.08% of the company’s stock.

NYSE FIS opened at $107.47 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $35.15 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.71 and a beta of 0.91. Fidelity National Information Servcs Inc has a 12 month low of $91.33 and a 12 month high of $110.83.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, October 30th. The information technology services provider reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate 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 revenue was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.18 EPS. On average, research analysts forecast that Fidelity National Information Servcs Inc will post 5.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, December 13th. Fidelity National Information Servcs’s payout ratio is currently 28.96%.

A number of equities research analysts have commented on the stock. ValuEngine raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Cantor Fitzgerald increased their price objective on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. Wood & Company increased their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. 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. Finally, Citigroup dropped 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, October 31st. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $117.50.

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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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