Taurus Asset Management LLC Takes $203,000 Position in Fidelity National Information Servcs Inc (FIS)

Taurus Asset Management LLC bought a new position in Fidelity National Information Servcs Inc (NYSE:FIS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,179 shares of the information technology services provider’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also bought and sold shares of FIS. Caldera Capital LLC grew its stake in Fidelity National Information Servcs by 10.8% during the second quarter. Caldera Capital LLC now owns 181,428 shares of the information technology services provider’s stock valued at $15,493,000 after acquiring an additional 17,676 shares in the last quarter. Polaris Greystone Financial Group LLC grew its stake in Fidelity National Information Servcs by 1.7% during the second quarter. Polaris Greystone Financial Group LLC now owns 229,356 shares of the information technology services provider’s stock valued at $19,587,000 after acquiring an additional 3,867 shares in the last quarter. Commerce Bank grew its stake in Fidelity National Information Servcs by 0.9% during the second quarter. Commerce Bank now owns 398,692 shares of the information technology services provider’s stock valued at $34,048,000 after acquiring an additional 3,476 shares in the last quarter. Motco grew its stake in Fidelity National Information Servcs by 12.3% during the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after acquiring an additional 131 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in Fidelity National Information Servcs by 3.7% during the second quarter. TIAA CREF Investment Management LLC now owns 1,380,167 shares of the information technology services provider’s stock valued at $117,866,000 after acquiring an additional 48,957 shares in the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.

Shares of Fidelity National Information Servcs Inc (NYSE FIS) traded up $0.13 on Thursday, hitting $95.30. 1,817,000 shares of the stock were exchanged, compared to its average volume of 1,523,550. The company has a market cap of $31,774.26, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Fidelity National Information Servcs Inc has a 1 year low of $73.97 and a 1 year high of $96.67.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.29 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. Fidelity National Information Servcs’s payout ratio is 71.60%.

In related news, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Servcs stock in a transaction on Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the transaction, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James B. Stallings, Jr. sold 8,486 shares of Fidelity National Information Servcs stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $91.87, for a total transaction of $779,608.82. Following the completion of the transaction, the director now directly owns 12,317 shares in the company, valued at $1,131,562.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,033 shares of company stock valued at $15,433,548. Company insiders own 2.66% of the company’s stock.

Several brokerages have issued reports on FIS. Cantor Fitzgerald reiterated a “buy” rating and set a $108.00 target price on shares of Fidelity National Information Servcs in a research report on Sunday. KeyCorp reiterated a “buy” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Tuesday, October 3rd. Robert W. Baird reiterated a “buy” rating and set a $102.00 target price on shares of Fidelity National Information Servcs in a research report on Friday, September 8th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $108.00 target price (up from $100.00) on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $99.20.

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About Fidelity National Information Servcs

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 Servcs (NYSE:FIS)

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