Fidelity National Information Servcs Inc (NYSE:FIS) Holdings Lowered by Meeder Asset Management Inc.

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Meeder Asset Management Inc. trimmed its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 87.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 512 shares of the information technology services provider’s stock after selling 3,615 shares during the quarter. Meeder Asset Management Inc.’s holdings in Fidelity National Information Servcs were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FIS. Chicago Partners Investment Group LLC increased its position in shares of Fidelity National Information Servcs by 2.1% in the second quarter. Chicago Partners Investment Group LLC now owns 4,125 shares of the information technology services provider’s stock worth $541,000 after acquiring an additional 83 shares in the last quarter. Global Retirement Partners LLC raised its stake in Fidelity National Information Servcs by 46.6% during the 1st quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 90 shares during the last quarter. Tdam USA Inc. raised its stake in Fidelity National Information Servcs by 0.7% during the 1st quarter. Tdam USA Inc. now owns 12,802 shares of the information technology services provider’s stock valued at $1,448,000 after purchasing an additional 90 shares during the last quarter. Intrust Bank NA raised its stake in Fidelity National Information Servcs by 0.6% during the 1st quarter. Intrust Bank NA now owns 16,003 shares of the information technology services provider’s stock valued at $1,810,000 after purchasing an additional 91 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in Fidelity National Information Servcs by 12.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 819 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

In other Fidelity National Information Servcs news, Director James B. Stallings, Jr. sold 1,240 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.55, for a total transaction of $151,962.00. Following the sale, the director now owns 8,370 shares of the company’s stock, valued at approximately $1,025,743.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lisa Hook sold 6,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $136.14, for a total transaction of $816,840.00. Following the sale, the director now directly owns 6,797 shares in the company, valued at approximately $925,343.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,221 shares of company stock worth $2,323,922. Insiders own 1.43% of the company’s stock.

FIS opened at $135.34 on Wednesday. The firm’s 50-day simple moving average is $133.06 and its 200-day simple moving average is $119.31. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.00 and a current ratio of 3.00. Fidelity National Information Servcs Inc has a twelve month low of $94.53 and a twelve month high of $140.73. The firm has a market cap of $43.56 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.51 and a beta of 0.64.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, hitting the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Information Servcs Inc will post 6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

Several equities analysts recently commented on FIS shares. Barclays set a $147.00 target price on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research note on Monday, August 12th. Berenberg Bank set a $171.00 target price on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Susquehanna Bancshares started coverage on shares of Fidelity National Information Servcs in a research note on Friday, May 31st. They set a “positive” rating and a $140.00 target price for the company. Finally, Cantor Fitzgerald upped their target price on shares of Fidelity National Information Servcs from $134.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $143.61.

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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