CWM Advisors LLC Lowers Stock Position in Fidelity National Information Servcs Inc (NYSE:FIS)

CWM Advisors LLC cut its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,419 shares of the information technology services provider’s stock after selling 154 shares during the period. CWM Advisors LLC’s holdings in Fidelity National Information Servcs were worth $615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its position in Fidelity National Information Servcs by 88.0% in the 3rd quarter. State Street Corp now owns 25,071,270 shares of the information technology services provider’s stock valued at $3,328,462,000 after buying an additional 11,738,423 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Fidelity National Information Servcs by 19.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 21,546,773 shares of the information technology services provider’s stock valued at $2,860,549,000 after buying an additional 3,461,019 shares during the last quarter. Third Point LLC purchased a new position in Fidelity National Information Servcs in the 3rd quarter valued at $331,899,000. Adelphi Capital LLP purchased a new position in Fidelity National Information Servcs in the 3rd quarter valued at $245,269,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in Fidelity National Information Servcs in the 3rd quarter valued at $244,417,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Fidelity National Information Servcs in a research report on Thursday. They issued an “outperform” rating and a $170.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Fidelity National Information Servcs in a research report on Monday, December 16th. They issued an “equal weight” rating and a $146.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Fidelity National Information Servcs from $162.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Citigroup lifted their price objective on shares of Fidelity National Information Servcs from $152.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Barclays lifted their price objective on shares of Fidelity National Information Servcs from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $151.71.

Shares of NYSE FIS opened at $147.92 on Friday. The firm has a market capitalization of $91.58 billion, a P/E ratio of 23.10, a PEG ratio of 2.64 and a beta of 0.63. Fidelity National Information Servcs Inc has a one year low of $103.41 and a one year high of $150.42. The company’s fifty day moving average is $140.66 and its two-hundred day moving average is $134.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.86 and a current ratio of 0.86.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.84 billion. Fidelity National Information Servcs had a net margin of 8.24% and a return on equity of 12.07%. The business’s revenue was up 35.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. On average, sell-side analysts forecast that Fidelity National Information Servcs Inc will post 5.51 earnings per share for the current fiscal year.

In other news, EVP Lenore D. Williams sold 7,301 shares of Fidelity National Information Servcs stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $135.00, for a total transaction of $985,635.00. Following the completion of the transaction, the executive vice president now owns 5,400 shares of the company’s stock, valued at approximately $729,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gregory G. Montana sold 33,423 shares of Fidelity National Information Servcs stock in a transaction on Monday, November 11th. The stock was sold at an average price of $131.76, for a total value of $4,403,814.48. Following the transaction, the executive vice president now directly owns 8,586 shares of the company’s stock, valued at approximately $1,131,291.36. The disclosure for this sale can be found here. Insiders have sold a total of 59,590 shares of company stock worth $8,028,304 over the last 90 days. Insiders own 1.43% of the company’s stock.

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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