CIBC World Markets Inc. Sells 6,015 Shares of Fidelity National Information Servcs Inc (FIS)

CIBC World Markets Inc. lessened its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 59.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,081 shares of the information technology services provider’s stock after selling 6,015 shares during the period. CIBC World Markets Inc.’s holdings in Fidelity National Information Servcs were worth $445,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in Fidelity National Information Servcs by 15.6% in the second quarter. BlackRock Inc. now owns 26,143,372 shares of the information technology services provider’s stock worth $2,771,982,000 after purchasing an additional 3,530,593 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Fidelity National Information Servcs by 18.4% during the second quarter. Voya Investment Management LLC now owns 4,524,231 shares of the information technology services provider’s stock worth $479,704,000 after buying an additional 701,796 shares in the last quarter. Findlay Park Partners LLP increased its holdings in shares of Fidelity National Information Servcs by 9.0% during the third quarter. Findlay Park Partners LLP now owns 3,950,000 shares of the information technology services provider’s stock worth $430,827,000 after buying an additional 325,000 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Fidelity National Information Servcs by 2.6% during the third quarter. Janus Henderson Group PLC now owns 3,293,441 shares of the information technology services provider’s stock worth $359,215,000 after buying an additional 83,645 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Fidelity National Information Servcs by 2.4% during the third quarter. Bessemer Group Inc. now owns 3,111,585 shares of the information technology services provider’s stock worth $339,380,000 after buying an additional 73,841 shares in the last quarter. 88.13% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Gregory G. Montana sold 50,354 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $105.46, for a total transaction of $5,310,332.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephan A. James sold 23,922 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the sale, the director now directly owns 41,585 shares in the company, valued at $4,531,517.45. The disclosure for this sale can be found here. 2.08% of the stock is owned by corporate insiders.

NYSE FIS opened at $104.62 on Friday. The company has a market cap of $34.75 billion, a PE ratio of 23.67, a PEG ratio of 1.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.34 and a quick ratio of 1.34. Fidelity National Information Servcs Inc has a 1-year low of $92.12 and a 1-year high of $110.83.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business posted $1.18 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Equities analysts predict that Fidelity National Information Servcs Inc will post 5.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.28 annualized dividend and a dividend yield of 1.22%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 28.96%.

Several research firms have recently weighed in on FIS. ValuEngine raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Barclays began coverage on shares of Fidelity National Information Servcs in a report on Wednesday, November 14th. They set an “overweight” rating and a $129.00 price objective for the company. Cantor Fitzgerald raised their price objective on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 31st. Wood & Company raised their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a report on Thursday, September 27th. They noted that the move was a valuation call. Finally, Citigroup dropped their price objective on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $118.67.

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Fidelity National Information Servcs 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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