Fidelity National Information Services, Inc. (FIS) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 9.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 272,300 shares of the information technology services provider’s stock after selling 28,735 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.08% of Fidelity National Information Services worth $23,254,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FIS. BlackRock Inc. boosted its stake in shares of Fidelity National Information Services by 3,230.2% in the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock worth $1,674,072,000 after buying an additional 20,394,426 shares during the period. Janus Capital Management LLC raised its position in Fidelity National Information Services by 23.7% in the first quarter. Janus Capital Management LLC now owns 5,127,324 shares of the information technology services provider’s stock worth $408,238,000 after buying an additional 983,896 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Fidelity National Information Services by 4.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock worth $1,462,643,000 after buying an additional 845,325 shares in the last quarter. Vanguard Group Inc. raised its position in Fidelity National Information Services by 3.5% in the first quarter. Vanguard Group Inc. now owns 21,818,241 shares of the information technology services provider’s stock worth $1,737,168,000 after buying an additional 745,789 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Fidelity National Information Services by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 4,801,010 shares of the information technology services provider’s stock worth $382,257,000 after buying an additional 451,197 shares in the last quarter. Hedge funds and other institutional investors own 86.70% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) opened at 89.22 on Friday. The firm has a 50 day moving average price of $88.65 and a 200 day moving average price of $83.93. The company has a market capitalization of $29.66 billion, a P/E ratio of 44.72 and a beta of 0.84. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $92.78.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has authorized a share repurchase plan on Wednesday, August 2nd that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 13.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/08/12/fidelity-national-information-services-inc-fis-shares-sold-by-kornitzer-capital-management-inc-ks-updated.html.

A number of equities analysts have commented on FIS shares. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Compass Point lowered Fidelity National Information Services from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $86.00 to $83.00 in a research note on Wednesday, May 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $89.00 price target on shares of Fidelity National Information Services in a research note on Tuesday, May 2nd. Barclays PLC reaffirmed a “buy” rating and set a $94.00 price target on shares of Fidelity National Information Services in a research note on Monday, May 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $88.00 price target on shares of Fidelity National Information Services in a research note on Thursday, April 27th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Fidelity National Information Services currently has an average rating of “Buy” and an average target price of $92.20.

In other Fidelity National Information Services news, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the completion of the sale, the director now owns 202,517 shares of the company’s stock, valued at approximately $18,295,385.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the completion of the sale, the director now directly owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 403,181 shares of company stock valued at $36,418,378. 2.66% of the stock is currently owned by insiders.

Fidelity National Information Services Company Profile

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.

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

What are top analysts saying about Fidelity National Information Services Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Fidelity National Information Services Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit