Fidelity National Information Services, Inc. (FIS) Shares Sold by Three Peaks Capital Management LLC

Three Peaks Capital Management LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175,042 shares of the information technology services provider’s stock after selling 3,865 shares during the period. Fidelity National Information Services makes up about 2.2% of Three Peaks Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Three Peaks Capital Management LLC owned approximately 0.05% of Fidelity National Information Services worth $14,949,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Guardian Life Insurance Co. of America boosted its stake in shares of Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock worth $101,000 after buying an additional 9 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock worth $104,000 after buying an additional 45 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares during the last quarter. Financial Architects Inc boosted its stake in shares of Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock worth $106,000 after buying an additional 9 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Fidelity National Information Services by 77.0% in the second quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after buying an additional 626 shares during the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) traded down 0.15% during trading on Friday, reaching $89.44. The company had a trading volume of 155,575 shares. The stock’s 50-day moving average price is $89.25 and its 200-day moving average price is $84.24. The company has a market capitalization of $29.73 billion, a PE ratio of 44.83 and a beta of 0.84. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $92.78.

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

Fidelity National Information Services announced that its board has approved a stock buyback program on Wednesday, August 2nd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the information technology services provider to repurchase up to 13.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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

WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.com-unik.info/2017/08/18/fidelity-national-information-services-inc-fis-shares-sold-by-three-peaks-capital-management-llc.html.

A number of analysts have commented on the company. Barclays PLC restated an “overweight” rating and issued a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Stephens restated a “positive” rating and issued a $101.00 price target (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BidaskClub cut Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Fidelity National Information Services has a consensus rating of “Buy” and an average price target of $92.20.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $85.39, for a total transaction of $85,390.00. Following the completion of the sale, the director now directly owns 14,498 shares in the company, valued at approximately $1,237,984.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frank R. Martire sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the sale, the director now owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 421,549 shares of company stock valued at $38,074,069. 2.66% of the stock is owned by company 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.

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS).

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