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

Kornitzer Capital Management Inc. KS boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 296,240 shares of the information technology services provider’s stock after buying an additional 23,940 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.09% of Fidelity National Information Services worth $27,666,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. WFG Advisors LP lifted its position in Fidelity National Information Services by 99.8% in the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after buying an additional 593 shares in the last quarter. Motco lifted its position in Fidelity National Information Services by 12.3% in the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares in the last quarter. BB&T Investment Services Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter valued at $103,000. IFP Advisors Inc raised its holdings in shares of Fidelity National Information Services by 6.8% during the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock valued at $112,000 after purchasing an additional 84 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Fidelity National Information Services by 77.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 626 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

A number of research analysts have recently weighed in on FIS shares. BidaskClub downgraded shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price target on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Cowen and Company restated a “buy” rating and set a $97.00 price target on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Robert W. Baird restated a “buy” rating and set a $102.00 price target on shares of Fidelity National Information Services in a report on Friday, September 8th. Finally, Zacks Investment Research upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Fidelity National Information Services currently has an average rating of “Buy” and an average price target of $97.19.

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Shares of Fidelity National Information Services, Inc. (NYSE FIS) traded down $0.18 during trading on Friday, hitting $93.18. 1,264,354 shares of the stock traded hands, compared to its average volume of 1,280,435. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.49 and a current ratio of 1.25. Fidelity National Information Services, Inc. has a 1-year low of $73.97 and a 1-year high of $96.67. The firm has a market cap of $31,109.82, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.76 and a beta of 0.88.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.12. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business earned $1.00 EPS. The firm’s revenue was down 4.8% on a year-over-year basis. sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.41 earnings per share for the current year.

Fidelity National Information Services declared that its Board of Directors has initiated a stock repurchase plan 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 purchase up to 13.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 71.60%.

In other news, Director Stephan A. James sold 18,368 shares of Fidelity National Information Services stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the sale, the director now directly owns 43,231 shares in the company, valued at approximately $3,896,842.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the sale, the director now owns 202,517 shares in the company, valued at $18,295,385.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 518,368 shares of company stock worth $47,027,692. 2.66% of the stock is owned by company insiders.

Fidelity National Information Services 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.

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

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