D. E. Shaw & Co. Inc. Acquires 171,450 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

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D. E. Shaw & Co. Inc. grew its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 4.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,176,824 shares of the information technology services provider’s stock after purchasing an additional 171,450 shares during the quarter. Fidelity National Information Servcs accounts for approximately 0.6% of D. E. Shaw & Co. Inc.’s investment portfolio, making the stock its 13th biggest holding. D. E. Shaw & Co. Inc.’s holdings in Fidelity National Information Servcs were worth $512,413,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Redhawk Wealth Advisors Inc. acquired a new position in shares of Fidelity National Information Servcs during the second quarter worth approximately $29,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Fidelity National Information Servcs during the first quarter worth approximately $29,000. Berman Capital Advisors LLC raised its position in shares of Fidelity National Information Servcs by 44.4% during the first quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 96 shares during the period. San Francisco Sentry Investment Group CA raised its position in shares of Fidelity National Information Servcs by 503.6% during the second quarter. San Francisco Sentry Investment Group CA now owns 332 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 277 shares during the period. Finally, Pathstone Family Office LLC raised its position in shares of Fidelity National Information Servcs by 1,042.9% during the second quarter. Pathstone Family Office LLC now owns 400 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 365 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Shares of NYSE:FIS traded down $2.09 on Friday, hitting $131.81. The company’s stock had a trading volume of 2,231,631 shares, compared to its average volume of 3,223,480. The company has a 50-day simple moving average of $134.70 and a 200 day simple moving average of $122.40. Fidelity National Information Servcs Inc has a 1 year low of $94.53 and a 1 year high of $141.35. The company has a market capitalization of $81.52 billion, a PE ratio of 25.20, a PEG ratio of 2.48 and a beta of 0.65. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, meeting the consensus estimate of $1.78. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the firm posted $1.23 EPS. The company’s revenue was up .3% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Information Servcs Inc will post 6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.06%. Fidelity National Information Servcs’s dividend payout ratio is 26.77%.

A number of brokerages have recently weighed in on FIS. Canaccord Genuity began coverage on Fidelity National Information Servcs in a research report on Thursday, September 12th. They set a “buy” rating and a $151.00 target price on the stock. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research report on Wednesday, July 3rd. Goldman Sachs Group began coverage on Fidelity National Information Servcs in a research report on Thursday, July 25th. They set a “buy” rating and a $154.00 target price on the stock. Robert W. Baird upped their target price on Fidelity National Information Servcs from $145.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Oppenheimer set a $148.00 target price on Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Fidelity National Information Servcs presently has an average rating of “Buy” and an average price target of $146.95.

In related news, CFO James W. Woodall sold 100,499 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $133.76, for a total transaction of $13,442,746.24. Following the transaction, the chief financial officer now directly owns 157,497 shares of the company’s stock, valued at approximately $21,066,798.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark L. Heimbouch sold 111,586 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $134.28, for a total value of $14,983,768.08. Following the transaction, the insider now directly owns 199,168 shares in the company, valued at $26,744,279.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 331,737 shares of company stock worth $44,517,690. 1.43% of the stock is currently owned by insiders.

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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