Crawford Investment Counsel Inc. Has $4.04 Million Stake in Fidelity National Information Servcs Inc (FIS)

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Crawford Investment Counsel Inc. decreased its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 73.8% during the first quarter, HoldingsChannel.com reports. The firm owned 35,700 shares of the information technology services provider’s stock after selling 100,510 shares during the period. Crawford Investment Counsel Inc.’s holdings in Fidelity National Information Servcs were worth $4,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Essex Savings Bank acquired a new stake in Fidelity National Information Servcs during the 4th quarter worth $25,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Fidelity National Information Servcs by 376.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 196 shares during the last quarter. We Are One Seven LLC acquired a new stake in Fidelity National Information Servcs during the 4th quarter worth $27,000. Doyle Wealth Management acquired a new stake in Fidelity National Information Servcs during the 4th quarter worth $27,000. Finally, Sontag Advisory LLC acquired a new stake in Fidelity National Information Servcs during the 4th quarter worth $27,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. Guggenheim lifted their target price on shares of Fidelity National Information Servcs to $135.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Barclays lifted their target price on shares of Fidelity National Information Servcs from $129.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods assumed coverage on shares of Fidelity National Information Servcs in a research note on Monday, April 8th. They set an “outperform” rating and a $136.00 target price on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $122.00 target price on shares of Fidelity National Information Servcs in a research note on Tuesday, April 2nd. Finally, Bank of America assumed coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, May 14th. They set a “buy” rating and a $139.00 target price on the stock. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $130.47.

In related news, Director Alexandar Navab, Jr. acquired 5,075 shares of Fidelity National Information Servcs stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the acquisition, the director now owns 5,075 shares in the company, valued at $544,141.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.43% of the stock is currently owned by insiders.

Shares of FIS opened at $118.74 on Monday. The stock has a market capitalization of $38.43 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.33 and a beta of 0.73. Fidelity National Information Servcs Inc has a 12-month low of $94.53 and a 12-month high of $121.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.03 and a current ratio of 1.03.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.07. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.02 billion. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. Fidelity National Information Servcs’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. Analysts expect that Fidelity National Information Servcs Inc will post 7.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.35 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.40 annualized dividend and a yield of 1.18%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 26.77%.

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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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