Quantitative Systematic Strategies LLC Invests $4.05 Million in Fidelity National Information Servcs Inc (NYSE:FIS)

Quantitative Systematic Strategies LLC purchased a new position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,987 shares of the information technology services provider’s stock, valued at approximately $4,047,000. Fidelity National Information Servcs comprises 0.8% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new position in shares of Fidelity National Information Servcs in the 1st quarter worth about $29,000. Global Retirement Partners LLC raised its holdings in shares of Fidelity National Information Servcs by 46.6% in the 1st quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 90 shares during the period. Berman Capital Advisors LLC raised its holdings in shares of Fidelity National Information Servcs by 44.4% in the 1st quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 96 shares during the period. Liberty Wealth Management LLC purchased a new position in shares of Fidelity National Information Servcs in the 1st quarter worth about $36,000. Finally, Advisory Alpha LLC purchased a new position in shares of Fidelity National Information Servcs in the 1st quarter worth about $77,000. Institutional investors and hedge funds own 93.03% of the company’s stock.

Several equities research analysts recently commented on FIS shares. Goldman Sachs Group started coverage on Fidelity National Information Servcs in a report on Thursday, July 25th. They set a “buy” rating and a $154.00 target price on the stock. Citigroup set a $152.00 target price on Fidelity National Information Servcs and gave the company a “buy” rating in a report on Friday, July 19th. SunTrust Banks raised their target price on Fidelity National Information Servcs to $125.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods started coverage on Fidelity National Information Servcs in a report on Monday, April 8th. They set an “outperform” rating and a $136.00 target price on the stock. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Fidelity National Information Servcs currently has an average rating of “Buy” and a consensus price target of $152.28.

FIS stock traded down $4.57 during midday trading on Monday, hitting $125.59. 308,577 shares of the company’s stock were exchanged, compared to its average volume of 7,059,512. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. Fidelity National Information Servcs Inc has a 12-month low of $94.53 and a 12-month high of $137.03. The business has a 50 day moving average of $127.30. The firm has a market capitalization of $42.17 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.40 annualized dividend and a yield of 1.11%. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.

In other Fidelity National Information Servcs news, Director James B. Stallings, Jr. sold 1,240 shares of Fidelity National Information Servcs stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $122.55, for a total transaction of $151,962.00. Following the sale, the director now directly owns 8,370 shares in the company, valued at approximately $1,025,743.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.43% of the stock is owned by insiders.

Fidelity National Information Servcs Company 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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