Eminence Capital LP Has $47.38 Million Holdings in Fidelity National Information Servcs Inc (NYSE:FIS)

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Eminence Capital LP raised its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 2.8% in the second quarter, HoldingsChannel reports. The fund owned 386,203 shares of the information technology services provider’s stock after purchasing an additional 10,360 shares during the quarter. Eminence Capital LP’s holdings in Fidelity National Information Servcs were worth $47,379,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. O Shaughnessy Asset Management LLC purchased a new position in Fidelity National Information Servcs in the first quarter worth $29,000. Redhawk Wealth Advisors Inc. purchased a new position in Fidelity National Information Servcs in the second quarter worth $29,000. Berman Capital Advisors LLC boosted its position in Fidelity National Information Servcs by 44.4% in the first quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 96 shares during the last quarter. San Francisco Sentry Investment Group CA raised its stake in shares of Fidelity National Information Servcs by 503.6% in the second quarter. San Francisco Sentry Investment Group CA now owns 332 shares of the information technology services provider’s stock valued at $41,000 after buying an additional 277 shares during the period. Finally, Pathstone Family Office LLC raised its stake in shares of Fidelity National Information Servcs by 1,042.9% in the second quarter. Pathstone Family Office LLC now owns 400 shares of the information technology services provider’s stock valued at $49,000 after buying an additional 365 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the company. Canaccord Genuity began coverage on Fidelity National Information Servcs in a research note on Thursday, September 12th. They issued a “buy” rating and a $151.00 target price on the stock. Atlantic Securities began coverage on Fidelity National Information Servcs in a research note on Tuesday, September 3rd. They set an “overweight” rating and a $175.00 price objective on the stock. Oppenheimer set a $148.00 price objective on Fidelity National Information Servcs and gave the company a “buy” rating in a research note on Wednesday, August 7th. SunTrust Banks set a $135.00 price objective on Fidelity National Information Servcs and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Berenberg Bank set a $171.00 price objective on Fidelity National Information Servcs and gave the company a “buy” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Fidelity National Information Servcs presently has an average rating of “Buy” and a consensus price target of $146.95.

In other news, CFO James W. Woodall sold 100,499 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $133.76, for a total value of $13,442,746.24. Following the completion of the transaction, the chief financial officer now directly owns 157,497 shares in the company, valued at approximately $21,066,798.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark L. Heimbouch sold 111,586 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $134.28, for a total value of $14,983,768.08. Following the completion of the transaction, the insider now owns 199,168 shares of the company’s stock, valued at $26,744,279.04. The disclosure for this sale can be found here. Insiders sold a total of 331,737 shares of company stock worth $44,517,690 over the last 90 days. Corporate insiders own 1.43% of the company’s stock.

NYSE FIS traded up $1.55 during trading on Thursday, reaching $134.44. The company’s stock had a trading volume of 528,965 shares, compared to its average volume of 3,211,394. The stock has a market capitalization of $81.62 billion, a PE ratio of 25.71, a P/E/G ratio of 2.48 and a beta of 0.65. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00. The firm has a fifty day moving average of $134.74 and a 200 day moving average of $122.15. Fidelity National Information Servcs Inc has a one year low of $94.53 and a one year high of $141.35.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.78. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.11 billion. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 EPS. Research analysts expect that Fidelity National Information Servcs Inc will post 6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.35 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.40 dividend on an annualized basis and a yield of 1.04%. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

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.

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

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