Polianta Ltd Takes $1.16 Million Position in Fidelity National Information Servcs Inc (NYSE:FIS)

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Polianta Ltd purchased a new stake in Fidelity National Information Servcs Inc (NYSE:FIS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,700 shares of the information technology services provider’s stock, valued at approximately $1,155,000. Fidelity National Information Servcs comprises 0.7% of Polianta Ltd’s portfolio, making the stock its 21st biggest position.

Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC bought a new stake in Fidelity National Information Servcs during the 1st quarter worth approximately $29,000. Redhawk Wealth Advisors Inc. bought a new stake in Fidelity National Information Servcs during the 2nd quarter worth approximately $29,000. Doyle Wealth Management bought a new stake in Fidelity National Information Servcs during the 2nd quarter worth approximately $32,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Fidelity National Information Servcs by 2,820.0% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 292 shares of the information technology services provider’s stock worth $38,000 after purchasing an additional 282 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA increased its stake in Fidelity National Information Servcs by 503.6% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 332 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 277 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Fidelity National Information Servcs stock traded up $1.92 during mid-day trading on Wednesday, hitting $131.45. 67,847 shares of the company’s stock traded hands, compared to its average volume of 3,597,793. The firm has a 50 day simple moving average of $133.84 and a two-hundred day simple moving average of $124.56. Fidelity National Information Servcs Inc has a fifty-two week low of $94.53 and a fifty-two week high of $141.35. The stock has a market cap of $80.61 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 2.52 and a beta of 0.64. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.78. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The company’s revenue was up .3% on a year-over-year basis. On average, research analysts anticipate that Fidelity National Information Servcs Inc will post 5.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio is currently 26.77%.

In related news, insider Mark L. Heimbouch sold 111,586 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 199,168 shares in the company, valued at $26,744,279.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Drucker sold 62,816 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $134.22, for a total value of $8,431,163.52. Following the completion of the transaction, the director now owns 533,516 shares in the company, valued at approximately $71,608,517.52. The disclosure for this sale can be found here. Insiders have sold 331,737 shares of company stock valued at $44,517,690 in the last three months. Insiders own 1.43% of the company’s stock.

Several brokerages have recently weighed in on FIS. Citigroup raised their price target on shares of Fidelity National Information Servcs from $142.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Oppenheimer set a $148.00 price target on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Berenberg Bank set a $171.00 price target on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research note on Friday, August 9th. Barclays set a $147.00 price target on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $148.53.

About Fidelity National Information Servcs

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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