Public Employees Retirement Association of Colorado Sells 267 Shares of Fidelity National Information Servcs Inc (FIS)

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Public Employees Retirement Association of Colorado lessened its holdings in Fidelity National Information Servcs Inc (NYSE:FIS) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 59,517 shares of the information technology services provider’s stock after selling 267 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Fidelity National Information Servcs were worth $6,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Fidelity National Information Servcs by 1.1% in the third quarter. Vanguard Group Inc. now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after buying an additional 261,868 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Fidelity National Information Servcs by 1.1% in the third quarter. Vanguard Group Inc now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after buying an additional 261,868 shares in the last quarter. Morgan Stanley lifted its stake in shares of 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 worth $580,287,000 after buying an additional 339,407 shares in the last quarter. Cantillon Capital Management LLC lifted its stake in shares of Fidelity National Information Servcs by 0.7% in the fourth quarter. Cantillon Capital Management LLC now owns 4,283,444 shares of the information technology services provider’s stock worth $439,267,000 after buying an additional 28,118 shares in the last quarter. Finally, Findlay Park Partners LLP lifted its stake in shares of Fidelity National Information Servcs by 9.0% in the third quarter. Findlay Park Partners LLP now owns 3,950,000 shares of the information technology services provider’s stock worth $430,827,000 after buying an additional 325,000 shares in the last quarter. Institutional investors and hedge funds own 87.40% of the company’s stock.

Shares of Fidelity National Information Servcs stock opened at $107.09 on Friday. The company has a market cap of $35.07 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.20 and a beta of 0.77. Fidelity National Information Servcs Inc has a twelve month low of $93.71 and a twelve month high of $110.83. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.19.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. Fidelity National Information Servcs had a net margin of 10.06% and a return on equity of 16.71%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm earned $1.36 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. On average, research analysts anticipate that Fidelity National Information Servcs Inc will post 7.43 earnings per share for the current fiscal 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 given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.31%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 24.47%.

In other Fidelity National Information Servcs news, CAO Kathleen T. Thompson sold 8,482 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $106.86, for a total value of $906,386.52. Following the transaction, the chief accounting officer now directly owns 8,917 shares in the company, valued at $952,870.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian T. Shea purchased 290 shares of the firm’s stock in a transaction on Saturday, October 12th. The stock was acquired at an average price of $101.43 per share, for a total transaction of $29,414.70. Following the completion of the transaction, the director now directly owns 3,210 shares of the company’s stock, valued at approximately $325,590.30. The disclosure for this purchase can be found here. Insiders sold 291,324 shares of company stock worth $31,527,733 over the last quarter. Insiders own 2.08% of the company’s stock.

Several brokerages have recently issued reports on FIS. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research note on Friday, February 15th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Servcs in a research note on Tuesday, February 12th. ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Barclays began coverage on shares of Fidelity National Information Servcs in a research report on Wednesday, November 14th. They set an “overweight” rating and a $129.00 price objective on the stock. Finally, Goldman Sachs Group upgraded shares of Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and increased their price objective for the company from $108.00 to $128.00 in a research report on Tuesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $120.70.

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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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