Sowell Financial Services LLC Invests $689,000 in Fidelity National Information Servcs Inc (FIS) Stock

Sowell Financial Services LLC acquired a new stake in Fidelity National Information Servcs Inc (NYSE:FIS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,320 shares of the information technology services provider’s stock, valued at approximately $689,000.

A number of other large investors have also recently modified their holdings of FIS. Janney Montgomery Scott LLC grew its position in Fidelity National Information Servcs by 6.6% in the second quarter. Janney Montgomery Scott LLC now owns 26,202 shares of the information technology services provider’s stock valued at $2,778,000 after acquiring an additional 1,611 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Fidelity National Information Servcs during the second quarter worth approximately $410,000. Dupont Capital Management Corp grew its position in shares of Fidelity National Information Servcs by 19.0% during the second quarter. Dupont Capital Management Corp now owns 7,282 shares of the information technology services provider’s stock worth $772,000 after buying an additional 1,161 shares in the last quarter. Aperio Group LLC grew its position in shares of Fidelity National Information Servcs by 18.5% during the second quarter. Aperio Group LLC now owns 203,808 shares of the information technology services provider’s stock worth $21,610,000 after buying an additional 31,813 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Fidelity National Information Servcs by 2.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 37,454 shares of the information technology services provider’s stock worth $3,971,000 after buying an additional 1,027 shares in the last quarter. 88.92% of the stock is owned by institutional investors.

In related news, EVP Gregory G. Montana sold 50,354 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $105.46, for a total transaction of $5,310,332.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephan A. James sold 23,922 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $108.97, for a total value of $2,606,780.34. Following the transaction, the director now owns 41,585 shares in the company, valued at $4,531,517.45. The disclosure for this sale can be found here. Company insiders own 2.08% of the company’s stock.

FIS has been the subject of a number of recent analyst reports. Barclays initiated coverage on shares of Fidelity National Information Servcs in a research report on Wednesday, November 14th. They set an “overweight” rating and a $129.00 price target for the company. Cantor Fitzgerald raised their price target on shares of Fidelity National Information Servcs from $117.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 31st. Citigroup decreased their price target on shares of Fidelity National Information Servcs from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. SunTrust Banks raised their price target on shares of Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $118.67.

FIS stock opened at $107.95 on Friday. Fidelity National Information Servcs Inc has a twelve month low of $91.91 and a twelve month high of $110.83. The company has a market cap of $34.66 billion, a PE ratio of 24.42, a P/E/G ratio of 1.69 and a beta of 0.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.34 and a quick ratio of 1.34.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Fidelity National Information Servcs had a return on equity of 15.78% and a net margin of 17.89%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business posted $1.18 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts anticipate that Fidelity National Information Servcs Inc will post 5.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

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Fidelity National Information Servcs Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

Read More: Intrinsic Value and Stock Selection

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

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