Fidelity National Information Servcs Inc (NYSE:FIS) Holdings Cut by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI reduced its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 26.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,046 shares of the information technology services provider’s stock after selling 4,059 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Fidelity National Information Servcs were worth $1,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WFG Advisors LP increased its position in Fidelity National Information Servcs by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 593 shares in the last quarter. BB&T Investment Services Inc. acquired a new position in Fidelity National Information Servcs during the 2nd quarter valued at about $103,000. Cerebellum GP LLC acquired a new position in Fidelity National Information Servcs during the 4th quarter valued at about $126,000. Rockefeller Financial Services Inc. acquired a new position in Fidelity National Information Servcs during the 3rd quarter valued at about $128,000. Finally, Balentine LLC increased its holdings in shares of Fidelity National Information Servcs by 32.2% in the second quarter. Balentine LLC now owns 1,567 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 382 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Shares of Fidelity National Information Servcs Inc (NYSE FIS) traded up $2.29 during mid-day trading on Friday, reaching $95.03. The company’s stock had a trading volume of 2,556,628 shares, compared to its average volume of 1,779,409. The stock has a market capitalization of $31,727.48, a P/E ratio of 21.50, a P/E/G ratio of 1.53 and a beta of 0.90. Fidelity National Information Servcs Inc has a 52 week low of $78.89 and a 52 week high of $103.65. The company has a quick ratio of 1.25, a current ratio of 0.92 and a debt-to-equity ratio of 0.71.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.36 billion. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 earnings per share. equities research analysts anticipate that Fidelity National Information Servcs Inc will post 5.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, March 15th. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 29.59%.

A number of brokerages have recently weighed in on FIS. Robert W. Baird increased their price objective on Fidelity National Information Servcs from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Barclays reissued a “buy” rating and issued a $115.00 price objective on shares of Fidelity National Information Servcs in a report on Friday, January 5th. JPMorgan Chase & Co. downgraded Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 12th. BMO Capital Markets upped their target price on Fidelity National Information Servcs from $104.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, Credit Suisse Group restated an “outperform” rating and issued a $108.00 target price (up previously from $100.00) on shares of Fidelity National Information Servcs in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Fidelity National Information Servcs presently has an average rating of “Buy” and a consensus target price of $102.47.

In related news, Director Stephan A. James sold 3,600 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $94.87, for a total value of $341,532.00. Following the completion of the sale, the director now owns 29,498 shares of the company’s stock, valued at $2,798,475.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David K. Hunt sold 17,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $94.53, for a total value of $1,607,010.00. Following the completion of the sale, the director now directly owns 19,154 shares of the company’s stock, valued at approximately $1,810,627.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,147 shares of company stock worth $7,366,481. Company insiders own 2.66% of the company’s stock.

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About Fidelity National Information Servcs

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 Servcs (NYSE:FIS)

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