Twin Capital Management Inc. Reduces Stake in Fidelity National Information Servcs Inc (NYSE:FIS)

Twin Capital Management Inc. reduced its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 72.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,325 shares of the information technology services provider’s stock after selling 29,290 shares during the period. Twin Capital Management Inc.’s holdings in Fidelity National Information Servcs were worth $1,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its stake in Fidelity National Information Servcs by 18.2% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,183,177 shares of the information technology services provider’s stock valued at $267,834,000 after purchasing an additional 336,826 shares in the last quarter. Accident Compensation Corp increased its stake in Fidelity National Information Servcs by 306.1% in the 1st quarter. Accident Compensation Corp now owns 13,400 shares of the information technology services provider’s stock valued at $1,516,000 after purchasing an additional 10,100 shares in the last quarter. Commerce Bank increased its stake in Fidelity National Information Servcs by 4.6% in the 1st quarter. Commerce Bank now owns 413,950 shares of the information technology services provider’s stock valued at $46,818,000 after purchasing an additional 18,151 shares in the last quarter. Advisory Services Network LLC increased its stake in Fidelity National Information Servcs by 2,778.3% in the 1st quarter. Advisory Services Network LLC now owns 7,426 shares of the information technology services provider’s stock valued at $840,000 after purchasing an additional 7,168 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Fidelity National Information Servcs by 11.4% in the 1st quarter. Lazard Asset Management LLC now owns 87,931 shares of the information technology services provider’s stock valued at $9,943,000 after purchasing an additional 8,982 shares in the last quarter. 93.03% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Gary L. Lauer sold 9,981 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $135.77, for a total transaction of $1,355,120.37. Following the sale, the director now owns 18,621 shares in the company, valued at $2,528,173.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James B. Stallings, Jr. sold 1,240 shares of the firm’s 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 sale, the director now owns 8,370 shares in the company, valued at approximately $1,025,743.50. The disclosure for this sale can be found here. 1.43% of the stock is owned by company insiders.

NYSE:FIS traded up $3.37 during trading hours on Friday, reaching $138.31. 5,346,100 shares of the company traded hands, compared to its average volume of 8,364,125. The firm’s 50-day moving average is $130.46 and its 200-day moving average is $117.86. The stock has a market cap of $42.33 billion, a P/E ratio of 26.45, a P/E/G ratio of 2.49 and a beta of 0.64. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00. 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 announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, meeting analysts’ consensus estimates of $1.78. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. Fidelity National Information Servcs’s quarterly revenue was up .3% on a year-over-year basis. As a group, research analysts predict that Fidelity National Information Servcs Inc will post 6 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 26.77%.

Several equities analysts recently weighed in on the company. Moffett Nathanson assumed coverage on Fidelity National Information Servcs in a research note on Tuesday, May 21st. They issued a “buy” rating and a $147.00 price objective for the company. Goldman Sachs Group assumed 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. SunTrust Banks set a $135.00 target price on Fidelity National Information Servcs and gave the company a “hold” rating in a report on Wednesday, August 7th. Bank of America increased their target price on Fidelity National Information Servcs from $139.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Northcoast Research reiterated a “neutral” rating on shares of Fidelity National Information Servcs in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus 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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