Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 271,901 shares of the information technology services provider’s stock after selling 80 shares during the period. Fidelity National Information Services comprises approximately 1.6% of Premier Fund Managers Ltd’s investment portfolio, making the stock its 7th biggest position. Premier Fund Managers Ltd’s holdings in Fidelity National Information Services were worth $37,940,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Fidelity National Information Services by 1.8% during the fourth quarter. BlackRock Inc. now owns 43,071,431 shares of the information technology services provider’s stock worth $6,092,884,000 after purchasing an additional 742,490 shares in the last quarter. Morgan Stanley increased its stake in shares of Fidelity National Information Services by 4.2% during the third quarter. Morgan Stanley now owns 7,957,247 shares of the information technology services provider’s stock worth $1,171,386,000 after purchasing an additional 321,337 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Fidelity National Information Services by 7.0% during the third quarter. Nuveen Asset Management LLC now owns 5,248,248 shares of the information technology services provider’s stock worth $772,595,000 after purchasing an additional 342,766 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Fidelity National Information Services by 2.0% during the fourth quarter. California Public Employees Retirement System now owns 4,219,806 shares of the information technology services provider’s stock worth $596,934,000 after purchasing an additional 84,569 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Fidelity National Information Services by 3,291.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,916,383 shares of the information technology services provider’s stock worth $576,531,000 after purchasing an additional 3,800,900 shares in the last quarter. Institutional investors and hedge funds own 90.53% of the company’s stock.

In other Fidelity National Information Services news, CAO Christopher A. Thompson sold 1,591 shares of the stock in a transaction that occurred on Tuesday, January 5th. The shares were sold at an average price of $139.70, for a total transaction of $222,262.70. Also, insider Martin Boyd sold 28,715 shares of the stock in a transaction that occurred on Wednesday, December 16th. The stock was sold at an average price of $142.69, for a total transaction of $4,097,343.35. Following the sale, the insider now owns 23,605 shares in the company, valued at $3,368,197.45. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Shares of FIS stock traded up $1.30 during trading hours on Tuesday, hitting $136.83. The company had a trading volume of 52,010 shares, compared to its average volume of 4,810,111. The company’s fifty day moving average is $131.97 and its 200 day moving average is $141.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. Fidelity National Information Services, Inc. has a fifty-two week low of $91.68 and a fifty-two week high of $156.73. The stock has a market capitalization of $84.90 billion, a PE ratio of -752.94, a price-to-earnings-growth ratio of 1.32 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, February 8th. The information technology services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. Fidelity National Information Services had a negative net margin of 0.83% and a positive return on equity of 6.88%. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts forecast that Fidelity National Information Services, Inc. will post 5.48 earnings per share for the current year.

Fidelity National Information Services announced that its Board of Directors has approved a share buyback plan on Monday, February 1st that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the information technology services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, March 11th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a yield of 1.14%. Fidelity National Information Services’s dividend payout ratio is 24.96%.

A number of analysts have recently commented on the stock. Rosenblatt Securities boosted their target price on shares of Fidelity National Information Services from $140.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 10th. TheStreet cut shares of Fidelity National Information Services from a “b-” rating to a “c” rating in a research note on Thursday, January 14th. Cowen upped their price objective on shares of Fidelity National Information Services from $163.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 10th. Morgan Stanley upped their price objective on shares of Fidelity National Information Services from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 27th. Finally, Oppenheimer dropped their price objective on shares of Fidelity National Information Services from $167.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, February 2nd. Six investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Fidelity National Information Services currently has an average rating of “Buy” and a consensus target price of $159.27.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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

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