Fidelity National Information Servcs Inc (NYSE:FIS) Shares Sold by Sun Life Financial INC

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Sun Life Financial INC cut its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 52.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 261 shares of the information technology services provider’s stock after selling 289 shares during the quarter. Sun Life Financial INC’s holdings in Fidelity National Information Servcs were worth $32,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FIS. O Shaughnessy Asset Management LLC purchased a new stake in shares of Fidelity National Information Servcs in the first quarter worth about $29,000. Global Retirement Partners LLC boosted its position in shares of Fidelity National Information Servcs by 46.6% in the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock worth $32,000 after buying an additional 90 shares during the period. Berman Capital Advisors LLC boosted its position in shares of Fidelity National Information Servcs by 44.4% in the first quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock worth $35,000 after buying an additional 96 shares during the period. Advisory Alpha LLC purchased a new stake in shares of Fidelity National Information Servcs in the first quarter worth about $77,000. Finally, Executive Wealth Management LLC boosted its position in shares of Fidelity National Information Servcs by 36.5% in the second quarter. Executive Wealth Management LLC now owns 726 shares of the information technology services provider’s stock worth $89,000 after buying an additional 194 shares during the period. Institutional investors own 95.16% of the company’s stock.

FIS traded down $1.11 on Friday, reaching $136.22. The company’s stock had a trading volume of 2,467,285 shares, compared to its average volume of 4,410,079. The stock has a market cap of $44.49 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 2.56 and a beta of 0.64. Fidelity National Information Servcs Inc has a 1 year low of $94.53 and a 1 year high of $140.73. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00. The business’s 50 day moving average is $133.65 and its 200 day moving average is $119.73.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, meeting analysts’ consensus estimates of $1.78. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. Fidelity National Information Servcs’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.23 earnings per share. As a group, research analysts forecast that Fidelity National Information Servcs Inc will post 6 earnings per share for the current fiscal year.

The company also recently announced 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 of this dividend is Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.

In other Fidelity National Information Servcs news, Director Gary L. Lauer sold 9,981 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $135.77, for a total transaction of $1,355,120.37. Following the transaction, the director now owns 18,621 shares of the company’s stock, valued at approximately $2,528,173.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lisa Hook sold 6,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $136.14, for a total value of $816,840.00. Following the transaction, 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 ninety days, insiders have sold 17,221 shares of company stock worth $2,323,922. 1.43% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on FIS. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Moffett Nathanson began coverage on Fidelity National Information Servcs in a report on Tuesday, May 21st. They issued a “buy” rating and a $147.00 price target for the company. Bank of America increased their price target on Fidelity National Information Servcs from $139.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Northcoast Research reissued a “neutral” rating on shares of Fidelity National Information Servcs in a report on Wednesday, August 7th. Finally, Wedbush set a $150.00 price target on Fidelity National Information Servcs and gave the company an “outperform” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus 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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