Public Employees Retirement System of Ohio Sells 21,554 Shares of Fidelity National Information Services, Inc. (FIS)

Public Employees Retirement System of Ohio lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 188,262 shares of the information technology services provider’s stock after selling 21,554 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of Fidelity National Information Services worth $16,078,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Caldera Capital LLC grew its holdings in shares of Fidelity National Information Services by 10.8% during the 2nd quarter. Caldera Capital LLC now owns 181,428 shares of the information technology services provider’s stock valued at $15,493,000 after purchasing an additional 17,676 shares during the last quarter. Polaris Greystone Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 1.7% during the 2nd quarter. Polaris Greystone Financial Group LLC now owns 229,356 shares of the information technology services provider’s stock valued at $19,587,000 after purchasing an additional 3,867 shares during the last quarter. Commerce Bank grew its holdings in shares of Fidelity National Information Services by 0.9% during the 2nd quarter. Commerce Bank now owns 398,692 shares of the information technology services provider’s stock valued at $34,048,000 after purchasing an additional 3,476 shares during the last quarter. Shell Asset Management Co. grew its holdings in shares of Fidelity National Information Services by 110.3% during the 2nd quarter. Shell Asset Management Co. now owns 75,284 shares of the information technology services provider’s stock valued at $6,429,000 after purchasing an additional 39,483 shares during the last quarter. Finally, Motco grew its holdings in shares of Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after purchasing an additional 131 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.

Shares of Fidelity National Information Services, Inc. (FIS) traded down 0.51% during midday trading on Tuesday, reaching $94.72. 98,357 shares of the company’s stock were exchanged. The stock has a market cap of $31.49 billion, a PE ratio of 47.48 and a beta of 0.85. Fidelity National Information Services, Inc. has a 12-month low of $73.25 and a 12-month high of $95.24. The stock’s 50 day moving average is $93.11 and its 200-day moving average is $87.64.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is 58.00%.

Fidelity National Information Services declared that its board has approved a share buyback program on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 13.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the transaction, the director now directly owns 202,517 shares in the company, valued at $18,295,385.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephan A. James sold 18,368 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the completion of the transaction, the director now owns 43,231 shares in the company, valued at $3,896,842.34. The disclosure for this sale can be found here. Insiders have sold 520,549 shares of company stock worth $47,224,679 in the last quarter. Company insiders own 2.66% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/17/public-employees-retirement-system-of-ohio-sells-21554-shares-of-fidelity-national-information-services-inc-fis.html.

Several research firms recently commented on FIS. Robert W. Baird reaffirmed a “buy” rating and set a $102.00 target price on shares of Fidelity National Information Services in a report on Friday, September 8th. BidaskClub raised shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. BMO Capital Markets increased their target price on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a report

Other hedge funds have also added to or reduced their stakes in the company. Caldera Capital LLC grew its holdings in shares of Fidelity National Information Services by 10.8% during the 2nd quarter. Caldera Capital LLC now owns 181,428 shares of the information technology services provider’s stock valued at $15,493,000 after purchasing an additional 17,676 shares during the last quarter. Polaris Greystone Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 1.7% during the 2nd quarter. Polaris Greystone Financial Group LLC now owns 229,356 shares of the information technology services provider’s stock valued at $19,587,000 after purchasing an additional 3,867 shares during the last quarter. Commerce Bank grew its holdings in shares of Fidelity National Information Services by 0.9% during the 2nd quarter. Commerce Bank now owns 398,692 shares of the information technology services provider’s stock valued at $34,048,000 after purchasing an additional 3,476 shares during the last quarter. Shell Asset Management Co. grew its holdings in shares of Fidelity National Information Services by 110.3% during the 2nd quarter. Shell Asset Management Co. now owns 75,284 shares of the information technology services provider’s stock valued at $6,429,000 after purchasing an additional 39,483 shares during the last quarter. Finally, Motco grew its holdings in shares of Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after purchasing an additional 131 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.

Shares of Fidelity National Information Services, Inc. (FIS) traded down 0.51% during midday trading on Tuesday, reaching $94.72. 98,357 shares of the company’s stock were exchanged. The stock has a market cap of $31.49 billion, a PE ratio of 47.48 and a beta of 0.85. Fidelity National Information Services, Inc. has a 12-month low of $73.25 and a 12-month high of $95.24. The stock’s 50 day moving average is $93.11 and its 200-day moving average is $87.64.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is 58.00%.

Fidelity National Information Services declared that its board has approved a share buyback program on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 13.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the transaction, the director now directly owns 202,517 shares in the company, valued at $18,295,385.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephan A. James sold 18,368 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the completion of the transaction, the director now owns 43,231 shares in the company, valued at $3,896,842.34. The disclosure for this sale can be found here. Insiders have sold 520,549 shares of company stock worth $47,224,679 in the last quarter. Company insiders own 2.66% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/17/public-employees-retirement-system-of-ohio-sells-21554-shares-of-fidelity-national-information-services-inc-fis.html.

Several research firms recently commented on FIS. Robert W. Baird reaffirmed a “buy” rating and set a $102.00 target price on shares of Fidelity National Information Services in a report on Friday, September 8th. BidaskClub raised shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. BMO Capital Markets increased their target price on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and set a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $94.67.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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