Ladenburg Thalmann Financial Services Inc. Raises Holdings in Fidelity National Information Servcs Inc (FIS)

Ladenburg Thalmann Financial Services Inc. raised its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 17.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,133 shares of the information technology services provider’s stock after purchasing an additional 621 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Fidelity National Information Servcs were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FIS. WFG Advisors LP lifted its holdings in shares of Fidelity National Information Servcs by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after acquiring an additional 593 shares during the period. Motco lifted its holdings in shares of Fidelity National Information Servcs by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after acquiring an additional 131 shares during the period. BB&T Investment Services Inc. bought a new position in shares of Fidelity National Information Servcs during the 2nd quarter worth about $103,000. Advisors Asset Management Inc. lifted its holdings in shares of Fidelity National Information Servcs by 77.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 626 shares during the period. Finally, Rockefeller Financial Services Inc. bought a new position in shares of Fidelity National Information Servcs during the 3rd quarter worth about $128,000. 87.76% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Gregory G. Montana sold 58,547 shares of Fidelity National Information Servcs stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $92.54, for a total transaction of $5,417,939.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David K. Hunt sold 17,000 shares of Fidelity National Information Servcs stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $94.53, for a total transaction of $1,607,010.00. Following the sale, the director now owns 19,154 shares of the company’s stock, valued at approximately $1,810,627.62. The disclosure for this sale can be found here. Insiders sold a total of 87,633 shares of company stock valued at $8,146,090 in the last 90 days. Corporate insiders own 2.66% of the company’s stock.

Shares of Fidelity National Information Servcs Inc (NYSE:FIS) opened at $94.00 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $31,490.48, a PE ratio of 58.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.89. Fidelity National Information Servcs Inc has a 1 year low of $75.40 and a 1 year high of $96.67.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data 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. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Fidelity National Information Servcs had a net margin of 5.82% and a return on equity of 14.05%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. equities research analysts forecast that Fidelity National Information Servcs Inc will post 4.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, December 14th. Fidelity National Information Servcs’s payout ratio is presently 71.60%.

A number of equities research analysts recently issued reports on the stock. Oppenheimer increased their target price on shares of Fidelity National Information Servcs from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. JPMorgan Chase & Co. cut shares of Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research report on Tuesday, December 12th. 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. Credit Suisse Group reiterated an “outperform” rating and set a $108.00 target price (up previously 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. Finally, 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, December 3rd. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.20.

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Fidelity National Information Servcs 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 Servcs (NYSE:FIS)

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