Rhumbline Advisers Purchases 10,376 Shares of Fidelity National Information Servcs Inc (FIS)

Rhumbline Advisers grew its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 632,254 shares of the information technology services provider’s stock after purchasing an additional 10,376 shares during the quarter. Rhumbline Advisers’ holdings in Fidelity National Information Servcs were worth $59,489,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. WFG Advisors LP boosted its stake in shares of Fidelity National Information Servcs by 99.8% during the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after purchasing an additional 593 shares in the last quarter. Calton & Associates Inc. acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter valued at about $123,000. Cerebellum GP LLC acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter valued at about $126,000. Rockefeller Financial Services Inc. acquired a new stake in shares of Fidelity National Information Servcs during the third quarter valued at about $128,000. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Fidelity National Information Servcs during the third quarter valued at about $201,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

FIS has been the topic of a number of recent research reports. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Friday, February 9th. JPMorgan Chase & Co. cut their price target on Fidelity National Information Servcs from $106.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Credit Suisse Group reissued an “outperform” rating and set a $108.00 price target (up from $100.00) on shares of Fidelity National Information Servcs in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Cantor Fitzgerald reissued a “buy” rating and set a $108.00 price target on shares of Fidelity National Information Servcs in a research note on Sunday, November 12th. Finally, Barclays reissued a “buy” rating and set a $115.00 price target on shares of Fidelity National Information Servcs in a research note on Friday, January 5th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $102.47.

Fidelity National Information Servcs Inc (NYSE:FIS) opened at $97.82 on Friday. Fidelity National Information Servcs Inc has a 1 year low of $78.89 and a 1 year high of $103.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.25 and a current ratio of 0.92. The stock has a market capitalization of $32,658.97, a PE ratio of 24.95, a PEG ratio of 1.57 and a beta of 0.90.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.02. Fidelity National Information Servcs had a return on equity of 14.46% and a net margin of 14.46%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the company earned $1.14 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. research analysts predict that Fidelity National Information Servcs Inc will post 5.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.32 dividend. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, March 15th. Fidelity National Information Servcs’s payout ratio is presently 29.59%.

In other Fidelity National Information Servcs news, Director David K. Hunt sold 17,000 shares of Fidelity National Information Servcs stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $94.53, for a total value of $1,607,010.00. Following the completion of the sale, the director now directly owns 19,154 shares in the company, valued at $1,810,627.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gary Norcross sold 293,333 shares of Fidelity National Information Servcs stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $94.30, for a total value of $27,661,301.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 313,933 shares of company stock valued at $29,609,844. 2.66% of the stock is currently owned by corporate insiders.

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About Fidelity National Information Servcs

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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