Lunia Capital LP Acquires Shares of 202,050 Fidelity National Information Servcs Inc (FIS)

Share on StockTwits

Lunia Capital LP acquired a new stake in Fidelity National Information Servcs Inc (NYSE:FIS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 202,050 shares of the information technology services provider’s stock, valued at approximately $20,720,000. Fidelity National Information Servcs makes up about 4.6% of Lunia Capital LP’s holdings, making the stock its 2nd biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Braun Stacey Associates Inc. boosted its holdings in Fidelity National Information Servcs by 1.4% in the fourth quarter. Braun Stacey Associates Inc. now owns 104,304 shares of the information technology services provider’s stock valued at $10,697,000 after purchasing an additional 1,482 shares during the period. Bremer Trust National Association purchased a new position in Fidelity National Information Servcs in the fourth quarter valued at $110,000. Meeder Asset Management Inc. purchased a new position in Fidelity National Information Servcs in the fourth quarter valued at $111,000. Morgan Stanley boosted its holdings in Fidelity National Information Servcs by 6.8% in the third quarter. Morgan Stanley now owns 5,320,322 shares of the information technology services provider’s stock valued at $580,287,000 after purchasing an additional 339,407 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Fidelity National Information Servcs by 23.8% in the third quarter. Mackenzie Financial Corp now owns 4,652 shares of the information technology services provider’s stock valued at $507,000 after purchasing an additional 894 shares during the period. 90.21% of the stock is owned by institutional investors and hedge funds.

In other news, Director Alexandar Navab, Jr. bought 5,075 shares of Fidelity National Information Servcs stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of $107.22 per share, with a total value of $544,141.50. Following the acquisition, the director now owns 5,075 shares of the company’s stock, valued at $544,141.50. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian T. Shea bought 290 shares of Fidelity National Information Servcs stock in a transaction dated Saturday, October 12th. The stock was purchased at an average cost of $101.43 per share, with a total value of $29,414.70. Following the completion of the acquisition, the director now directly owns 3,210 shares in the company, valued at approximately $325,590.30. The disclosure for this purchase can be found here. Insiders have sold a total of 282,842 shares of company stock valued at $30,621,347 over the last ninety days. 2.08% of the stock is owned by company insiders.

NYSE FIS traded down $1.90 during trading on Monday, reaching $108.51. 13,082 shares of the company’s stock were exchanged, compared to its average volume of 3,848,544. The company has a market capitalization of $35.65 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. Fidelity National Information Servcs Inc has a 1 year low of $93.71 and a 1 year high of $112.17.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.02. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.22 billion. Fidelity National Information Servcs had a return on equity of 16.71% and a net margin of 10.06%. Fidelity National Information Servcs’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS. As a group, equities research analysts expect that Fidelity National Information Servcs Inc will post 7.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.29%. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 14th. Fidelity National Information Servcs’s payout ratio is 26.77%.

A number of research analysts recently issued reports on FIS shares. Goldman Sachs Group upgraded Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and lifted their target price for the company from $108.00 to $128.00 in a report on Tuesday, December 11th. Zacks Investment Research lowered Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. ValuEngine lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Servcs in a report on Tuesday, February 12th. Finally, SunTrust Banks downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 price target for the company. in a report on Tuesday, March 19th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $121.96.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Week Herald and is owned by of Week Herald. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://weekherald.com/2019/03/25/lunia-capital-lp-acquires-shares-of-202050-fidelity-national-information-servcs-inc-fis.html.

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.

Featured Story: Trading Strategy Examples and Plans

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Servcs Inc (NYSE:FIS).

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

Receive News & Ratings for Fidelity National Information Servcs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Servcs and related companies with MarketBeat.com's FREE daily email newsletter.