Boston Partners Has $329.79 Million Holdings in Fidelity National Information Servcs Inc (FIS)

Boston Partners decreased its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 10.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,215,895 shares of the information technology services provider’s stock after selling 377,379 shares during the quarter. Boston Partners’ holdings in Fidelity National Information Servcs were worth $329,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FIS. Vanguard Group Inc. increased its holdings in shares of Fidelity National Information Servcs by 1.1% during the third quarter. Vanguard Group Inc. now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after buying an additional 261,868 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Fidelity National Information Servcs by 1.1% during the third quarter. Vanguard Group Inc now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after buying an additional 261,868 shares in the last quarter. Morgan Stanley increased its holdings in shares of Fidelity National Information Servcs by 6.8% during the third quarter. Morgan Stanley now owns 5,320,322 shares of the information technology services provider’s stock worth $580,287,000 after buying an additional 339,407 shares in the last quarter. Cantillon Capital Management LLC increased its holdings in shares of Fidelity National Information Servcs by 0.7% during the fourth quarter. Cantillon Capital Management LLC now owns 4,283,444 shares of the information technology services provider’s stock worth $439,267,000 after buying an additional 28,118 shares in the last quarter. Finally, 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. Hedge funds and other institutional investors own 89.13% of the company’s stock.

A number of brokerages recently weighed in on FIS. Zacks Investment Research lowered shares of Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Servcs in a report on Tuesday, February 12th. Goldman Sachs Group raised shares of Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and raised their price target for the company from $108.00 to $128.00 in a report on Tuesday, December 11th. Barclays initiated coverage on shares of Fidelity National Information Servcs in a report on Wednesday, November 14th. They set an “overweight” rating and a $129.00 target price for the company. Finally, Cantor Fitzgerald lifted their target price 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $120.70.

In other news, EVP Marc M. Mayo sold 34,826 shares of Fidelity National Information Servcs stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $105.00, for a total transaction of $3,656,730.00. Following the transaction, the executive vice president now directly owns 24,594 shares of the company’s stock, valued at $2,582,370. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Kathleen T. Thompson sold 8,482 shares of Fidelity National Information Servcs stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $106.86, for a total transaction of $906,386.52. Following the transaction, the chief accounting officer now directly owns 8,917 shares in the company, valued at $952,870.62. The disclosure for this sale can be found here. Company insiders own 2.08% of the company’s stock.

Shares of NYSE FIS opened at $108.93 on Tuesday. The firm has a market cap of $35.67 billion, a PE ratio of 20.83, a PEG ratio of 1.57 and a beta of 0.77. Fidelity National Information Servcs Inc has a twelve month low of $93.71 and a twelve month high of $110.83. The company has a current ratio of 1.19, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Servcs had a net margin of 10.06% and a return on equity of 16.71%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. As a group, equities analysts anticipate that Fidelity National Information Servcs Inc will post 5.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.29%. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 14th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 24.47%.

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About Fidelity National Information Servcs

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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