Tealwood Asset Management Inc. Cuts Holdings in Fidelity National Information Servcs Inc (FIS)

Tealwood Asset Management Inc. cut its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,051 shares of the information technology services provider’s stock after selling 364 shares during the period. Tealwood Asset Management Inc.’s holdings in Fidelity National Information Servcs were worth $2,042,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Essex Savings Bank acquired a new stake in Fidelity National Information Servcs during the fourth quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in Fidelity National Information Servcs by 376.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 196 shares during the last quarter. Doyle Wealth Management acquired a new stake in Fidelity National Information Servcs during the fourth quarter worth approximately $27,000. Sontag Advisory LLC acquired a new stake in Fidelity National Information Servcs during the fourth quarter worth approximately $27,000. Finally, We Are One Seven LLC acquired a new stake in Fidelity National Information Servcs during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Several equities research analysts have issued reports on FIS shares. Raymond James started coverage on shares of Fidelity National Information Servcs in a research report on Friday. They set a “strong-buy” rating and a $131.00 price objective for the company. Zacks Investment Research cut shares of Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Servcs in a report on Tuesday, February 12th. ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, SunTrust Banks cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 target price on the stock. in a report on Tuesday, March 19th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $124.81.

Shares of FIS traded down $0.21 during mid-day trading on Monday, hitting $112.95. 59,399 shares of the company’s stock were exchanged, compared to its average volume of 4,921,128. Fidelity National Information Servcs Inc has a 52 week low of $93.87 and a 52 week high of $115.56. The stock has a market capitalization of $36.46 billion, a PE ratio of 21.59, a P/E/G ratio of 1.27 and a beta of 0.74. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. Fidelity National Information Servcs had a net margin of 10.06% and a return on equity of 16.71%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities research analysts predict that Fidelity National Information Servcs Inc will post 7.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.24%. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, March 14th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 26.77%.

In related news, CEO Gary Norcross sold 160,000 shares of Fidelity National Information Servcs stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $108.81, for a total value of $17,409,600.00. Following the transaction, the chief executive officer now directly owns 249,434 shares of the company’s stock, valued at $27,140,913.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexandar Navab, Jr. acquired 5,075 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the completion of the purchase, the director now directly owns 5,075 shares of the company’s stock, valued at $544,141.50. The disclosure for this purchase can be found here. Insiders sold 282,842 shares of company stock worth $30,621,347 over the last three months. 2.08% of the stock is currently owned by insiders.

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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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