Shell Asset Management Co. Cuts Position in Fidelity National Information Servcs Inc (NYSE:FIS)

Shell Asset Management Co. lessened its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 12.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,203 shares of the information technology services provider’s stock after selling 20,803 shares during the quarter. Shell Asset Management Co.’s holdings in Fidelity National Information Servcs were worth $18,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Toroso Investments LLC grew its holdings in Fidelity National Information Servcs by 14.6% in the first quarter. Toroso Investments LLC now owns 3,806 shares of the information technology services provider’s stock worth $463,000 after purchasing an additional 485 shares during the period. Garde Capital Inc. purchased a new stake in Fidelity National Information Servcs in the first quarter worth about $359,000. Northwestern Mutual Investment Management Company LLC grew its holdings in Fidelity National Information Servcs by 34.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 32,037 shares of the information technology services provider’s stock worth $3,897,000 after purchasing an additional 8,162 shares during the period. AGF Investments Inc. purchased a new stake in Fidelity National Information Servcs in the first quarter worth about $246,000. Finally, Quadrant Private Wealth Management LLC bought a new position in shares of Fidelity National Information Servcs in the first quarter worth approximately $255,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

FIS stock traded down $0.83 during midday trading on Friday, reaching $135.67. 65,088 shares of the company’s stock traded hands, compared to its average volume of 3,967,466. Fidelity National Information Servcs Inc has a 52-week low of $91.68 and a 52-week high of $158.21. The stock has a market cap of $84.36 billion, a P/E ratio of 262.57, a PEG ratio of 1.89 and a beta of 0.67. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average is $126.16 and its 200 day moving average is $135.31.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Thursday, May 7th. The information technology services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Fidelity National Information Servcs had a net margin of 1.45% and a return on equity of 7.89%. The firm’s revenue was up 49.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. As a group, research analysts expect that Fidelity National Information Servcs Inc will post 5.44 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.03%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 24.96%.

Several research analysts have recently issued reports on the stock. Raymond James upped their target price on shares of Fidelity National Information Servcs from $148.00 to $167.00 and gave the stock a “strong-buy” rating in a research note on Friday, May 8th. Barclays dropped their target price on shares of Fidelity National Information Servcs from $183.00 to $159.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Co dropped their target price on shares of Fidelity National Information Servcs from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. KeyCorp dropped their target price on shares of Fidelity National Information Servcs from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, March 23rd. Finally, Rosenblatt Securities started coverage on shares of Fidelity National Information Servcs in a research note on Friday, March 27th. They issued a “buy” rating and a $140.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Fidelity National Information Servcs currently has an average rating of “Buy” and an average target price of $151.88.

Fidelity National Information Servcs Company 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.

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

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