Fidelity National Information Servcs Inc (NYSE:FIS) Shares Purchased by Hartford Investment Management Co.

Hartford Investment Management Co. lifted its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 67.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,723 shares of the information technology services provider’s stock after purchasing an additional 26,802 shares during the period. Hartford Investment Management Co.’s holdings in Fidelity National Information Servcs were worth $8,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First PREMIER Bank purchased a new stake in Fidelity National Information Servcs in the 3rd quarter worth $25,000. Hall Laurie J Trustee purchased a new stake in Fidelity National Information Servcs in the 3rd quarter worth $25,000. First Financial Corp IN purchased a new stake in Fidelity National Information Servcs in the 3rd quarter worth $28,000. Redhawk Wealth Advisors Inc. purchased a new stake in Fidelity National Information Servcs in the 2nd quarter worth $29,000. Finally, Arlington Partners LLC purchased a new stake in Fidelity National Information Servcs in the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Fidelity National Information Servcs stock opened at $130.22 on Tuesday. Fidelity National Information Servcs Inc has a 52-week low of $94.53 and a 52-week high of $141.35. The firm has a market capitalization of $79.33 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.50 and a beta of 0.64. The company has a fifty day simple moving average of $131.08 and a 200-day simple moving average of $126.34. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.67.

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 (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.78. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts anticipate that Fidelity National Information Servcs Inc will post 5.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.08%. Fidelity National Information Servcs’s payout ratio is 26.77%.

In other news, Director Charles Drucker sold 62,816 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $134.22, for a total transaction of $8,431,163.52. Following the completion of the sale, the director now owns 533,516 shares of the company’s stock, valued at $71,608,517.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Stephanie Ferris sold 40,855 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $134.33, for a total transaction of $5,488,052.15. Following the sale, the chief operating officer now directly owns 60,054 shares of the company’s stock, valued at approximately $8,067,053.82. The disclosure for this sale can be found here. Insiders have sold 331,737 shares of company stock valued at $44,517,690 in the last ninety days. Insiders own 1.43% of the company’s stock.

Several brokerages recently commented on FIS. Barclays set a $147.00 price target on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a report on Monday, August 12th. ValuEngine lowered shares of Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. SunTrust Banks set a $135.00 price target on shares of Fidelity National Information Servcs and gave the stock a “hold” rating in a report on Wednesday, August 7th. Canaccord Genuity began coverage on shares of Fidelity National Information Servcs in a report on Thursday, September 12th. They issued a “buy” rating and a $151.00 price target for the company. Finally, Raymond James set a $149.00 price target on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $148.53.

About Fidelity National Information Servcs

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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