ACG Wealth Has $805,000 Position in Fidelity National Information Servcs Inc (FIS)

ACG Wealth reduced its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,560 shares of the information technology services provider’s stock after selling 2,985 shares during the period. ACG Wealth’s holdings in Fidelity National Information Servcs were worth $805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Fidelity National Information Servcs by 13.5% in the fourth quarter. Bank of Montreal Can now owns 371,371 shares of the information technology services provider’s stock valued at $34,942,000 after purchasing an additional 44,149 shares in the last quarter. Puzo Michael J bought a new stake in Fidelity National Information Servcs in the fourth quarter valued at $235,000. Andra AP fonden increased its stake in Fidelity National Information Servcs by 2.3% in the third quarter. Andra AP fonden now owns 160,000 shares of the information technology services provider’s stock valued at $14,942,000 after purchasing an additional 3,600 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Fidelity National Information Servcs by 10.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,034 shares of the information technology services provider’s stock valued at $2,525,000 after purchasing an additional 2,474 shares in the last quarter. Finally, Synovus Financial Corp bought a new stake in Fidelity National Information Servcs in the third quarter valued at $279,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Gary Norcross sold 293,333 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $94.30, for a total transaction of $27,661,301.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephan A. James sold 3,600 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $94.87, for a total transaction of $341,532.00. Following the transaction, the director now owns 29,498 shares in the company, valued at $2,798,475.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 313,933 shares of company stock worth $29,609,844. 2.66% of the stock is owned by corporate insiders.

A number of research analysts have recently issued reports on FIS shares. Royal Bank of Canada reiterated a “buy” rating and set a $116.00 price objective on shares of Fidelity National Information Servcs in a report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Friday, February 9th. Cantor Fitzgerald reiterated a “buy” rating and set a $108.00 price objective on shares of Fidelity National Information Servcs in a report on Sunday, December 3rd. KeyCorp reiterated a “buy” rating on shares of Fidelity National Information Servcs in a report on Wednesday, November 1st. Finally, Barclays reiterated a “buy” rating and set a $115.00 price objective on shares of Fidelity National Information Servcs in a report on Friday, January 5th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Fidelity National Information Servcs presently has a consensus rating of “Buy” and an average target price of $102.47.

Fidelity National Information Servcs Inc (NYSE FIS) opened at $96.00 on Thursday. Fidelity National Information Servcs Inc has a twelve month low of $78.89 and a twelve month high of $103.65. The firm has a market cap of $32,108.13, a PE ratio of 24.49, a P/E/G ratio of 1.55 and a beta of 0.90. The company has a current ratio of 0.92, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.02. Fidelity National Information Servcs had a net margin of 14.46% and a return on equity of 14.46%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. analysts predict that Fidelity National Information Servcs Inc will post 5.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, March 15th. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.33%. Fidelity National Information Servcs’s payout ratio is 29.59%.

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Fidelity National Information Servcs Company 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 Servcs (NYSE:FIS)

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