GHP Investment Advisors Inc. Sells 744 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

GHP Investment Advisors Inc. lowered its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 2.6% in the second quarter, Holdings Channel reports. The fund owned 27,885 shares of the information technology services provider’s stock after selling 744 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Fidelity National Information Servcs were worth $3,421,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FIS. O Shaughnessy Asset Management LLC bought a new position in shares of Fidelity National Information Servcs in the first quarter worth about $29,000. Global Retirement Partners LLC increased its stake in shares of Fidelity National Information Servcs by 46.6% in the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 90 shares during the period. Berman Capital Advisors LLC increased its stake in shares of Fidelity National Information Servcs by 44.4% in the first quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 96 shares during the period. Liberty Wealth Management LLC acquired a new position in shares of Fidelity National Information Servcs in the first quarter valued at approximately $36,000. Finally, Advisory Alpha LLC acquired a new position in shares of Fidelity National Information Servcs in the first quarter valued at approximately $77,000. 93.03% of the stock is owned by hedge funds and other institutional investors.

NYSE:FIS traded up $3.37 on Friday, reaching $138.31. 5,346,100 shares of the stock traded hands, compared to its average volume of 8,364,125. The firm has a market capitalization of $42.33 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.49 and a beta of 0.64. The company’s 50 day moving average is $130.46 and its 200-day moving average is $117.86. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67. Fidelity National Information Servcs Inc has a 1-year low of $94.53 and a 1-year high of $138.45.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.78. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 EPS. On average, equities research analysts forecast that Fidelity National Information Servcs Inc will post 6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.

In related news, Director James B. Stallings, Jr. sold 1,240 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $122.55, for a total value of $151,962.00. Following the transaction, the director now directly owns 8,370 shares in the company, valued at approximately $1,025,743.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary L. Lauer sold 9,981 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $135.77, for a total value of $1,355,120.37. Following the completion of the transaction, the director now owns 18,621 shares in the company, valued at $2,528,173.17. The disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.

Several research firms have recently issued reports on FIS. Barclays set a $147.00 price objective on Fidelity National Information Servcs and gave the company a “buy” rating in a research note on Monday, August 12th. Goldman Sachs Group began coverage on Fidelity National Information Servcs in a research note on Thursday, July 25th. They issued a “buy” rating and a $154.00 price objective for the company. Robert W. Baird upped their price objective on Fidelity National Information Servcs from $134.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Bank of America upped their price objective on Fidelity National Information Servcs from $139.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, Cantor Fitzgerald upped their price objective on Fidelity National Information Servcs from $134.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $143.61.

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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