Fidelity National Information Servcs Inc (FIS) Shares Bought by Polaris Greystone Financial Group LLC

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Polaris Greystone Financial Group LLC raised its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,709 shares of the information technology services provider’s stock after acquiring an additional 6,871 shares during the period. Fidelity National Information Servcs makes up approximately 2.0% of Polaris Greystone Financial Group LLC’s investment portfolio, making the stock its 12th largest position. Polaris Greystone Financial Group LLC owned about 0.08% of Fidelity National Information Servcs worth $29,199,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Unigestion Holding SA bought a new stake in shares of Fidelity National Information Servcs in the second quarter valued at approximately $10,740,000. EdgePoint Investment Group Inc. acquired a new position in Fidelity National Information Servcs during the second quarter valued at approximately $256,346,000. Natixis raised its position in Fidelity National Information Servcs by 1,257.7% during the second quarter. Natixis now owns 577,810 shares of the information technology services provider’s stock valued at $61,265,000 after purchasing an additional 535,253 shares in the last quarter. Capital Fund Management S.A. raised its position in Fidelity National Information Servcs by 32.6% during the second quarter. Capital Fund Management S.A. now owns 79,757 shares of the information technology services provider’s stock valued at $8,457,000 after purchasing an additional 19,600 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in Fidelity National Information Servcs by 5.0% during the second quarter. Riverhead Capital Management LLC now owns 11,579 shares of the information technology services provider’s stock valued at $1,228,000 after purchasing an additional 552 shares in the last quarter. Institutional investors own 88.06% of the company’s stock.

Several research analysts have commented on the stock. ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Cantor Fitzgerald boosted their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Wood & Company boosted their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. Wolfe Research assumed coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. Finally, Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Friday, August 3rd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $115.54.

Shares of NYSE:FIS traded up $0.04 during trading on Friday, hitting $104.11. 7,284 shares of the company were exchanged, compared to its average volume of 1,767,836. The company has a market capitalization of $34.48 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 1.38. Fidelity National Information Servcs Inc has a 1-year low of $89.31 and a 1-year high of $110.83.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.02. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.12 billion. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. On average, equities analysts forecast that Fidelity National Information Servcs Inc will post 5.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.23%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

In other news, Director David K. Hunt sold 17,922 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $106.38, for a total transaction of $1,906,542.36. Following the completion of the transaction, the director now directly owns 24,989 shares in the company, valued at $2,658,329.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lenore D. Williams sold 4,285 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $106.00, for a total transaction of $454,210.00. Following the transaction, the executive vice president now owns 4,999 shares of the company’s stock, valued at $529,894. The disclosure for this sale can be found here. Insiders have sold 46,129 shares of company stock valued at $4,967,533 over the last quarter. Company insiders own 2.08% of the company’s stock.

Fidelity National Information Servcs 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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