Three Peaks Capital Management LLC Acquires 1,289 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

Three Peaks Capital Management LLC boosted its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,916 shares of the information technology services provider’s stock after acquiring an additional 1,289 shares during the period. Fidelity National Information Servcs accounts for approximately 1.6% of Three Peaks Capital Management LLC’s portfolio, making the stock its 11th largest holding. Three Peaks Capital Management LLC’s holdings in Fidelity National Information Servcs were worth $6,108,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Rehmann Capital Advisory Group lifted its position in Fidelity National Information Servcs by 10.1% in the second quarter. Rehmann Capital Advisory Group now owns 884 shares of the information technology services provider’s stock valued at $109,000 after purchasing an additional 81 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Fidelity National Information Servcs by 3.5% in the third quarter. Parkside Financial Bank & Trust now owns 2,395 shares of the information technology services provider’s stock worth $318,000 after acquiring an additional 82 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of Fidelity National Information Servcs by 0.3% during the third quarter. Moody Lynn & Lieberson LLC now owns 32,924 shares of the information technology services provider’s stock valued at $4,371,000 after buying an additional 84 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Fidelity National Information Servcs by 3.3% during the second quarter. Townsquare Capital LLC now owns 2,689 shares of the information technology services provider’s stock valued at $350,000 after buying an additional 85 shares during the last quarter. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Fidelity National Information Servcs by 21.0% during the third quarter. Ropes Wealth Advisors LLC now owns 508 shares of the information technology services provider’s stock valued at $67,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

Shares of FIS stock traded up $0.32 on Friday, reaching $146.56. 54,088 shares of the stock were exchanged, compared to its average volume of 3,191,237. The stock has a market cap of $87.55 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 2.53 and a beta of 0.63. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $138.99 and a two-hundred day moving average of $134.06. Fidelity National Information Servcs Inc has a 1-year low of $102.93 and a 1-year high of $146.33.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. Fidelity National Information Servcs had a net margin of 8.24% and a return on equity of 12.07%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the business posted $1.33 EPS. The company’s revenue for the quarter was up 35.4% on a year-over-year basis. On average, equities research analysts predict that Fidelity National Information Servcs Inc will post 5.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, December 12th. Fidelity National Information Servcs’s payout ratio is 26.77%.

Several research firms have recently commented on FIS. ValuEngine raised Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Morgan Stanley began coverage on Fidelity National Information Servcs in a report on Monday, December 16th. They issued an “equal weight” rating and a $146.00 target price for the company. Robert W. Baird lifted their target price on Fidelity National Information Servcs from $162.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Moffett Nathanson cut Fidelity National Information Servcs from a “buy” rating to a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays lifted their target price on Fidelity National Information Servcs from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $149.95.

In other news, EVP Lenore D. Williams sold 7,301 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.00, for a total transaction of $985,635.00. Following the transaction, the executive vice president now owns 5,400 shares in the company, valued at approximately $729,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory G. Montana sold 33,423 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $131.76, for a total transaction of $4,403,814.48. Following the transaction, the executive vice president now owns 8,586 shares in the company, valued at approximately $1,131,291.36. The disclosure for this sale can be found here. Insiders have sold 59,590 shares of company stock valued at $8,028,304 over the last 90 days. 1.43% of the stock is currently owned by insiders.

Fidelity National Information Servcs Company 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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