Rhumbline Advisers lessened its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,984 shares of the information technology services provider’s stock after selling 20,020 shares during the quarter. Rhumbline Advisers owned about 0.18% of Fidelity National Information Servcs worth $64,146,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Unigestion Holding SA bought a new position in shares of Fidelity National Information Servcs during the 2nd quarter worth about $10,740,000. Mount Yale Investment Advisors LLC bought a new position in shares of Fidelity National Information Servcs during the 1st quarter worth about $261,000. Klingenstein Fields & Co. LLC boosted its position in shares of Fidelity National Information Servcs by 12.0% during the 2nd quarter. Klingenstein Fields & Co. LLC now owns 101,316 shares of the information technology services provider’s stock worth $10,743,000 after purchasing an additional 10,829 shares in the last quarter. Edge Wealth Management LLC acquired a new stake in shares of Fidelity National Information Servcs in the 2nd quarter worth about $180,000. Finally, GWM Advisors LLC raised its holdings in shares of Fidelity National Information Servcs by 12.9% in the 2nd quarter. GWM Advisors LLC now owns 9,154 shares of the information technology services provider’s stock worth $977,000 after acquiring an additional 1,044 shares during the last quarter. 86.31% of the stock is currently owned by institutional investors.

FIS opened at $106.88 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. Fidelity National Information Servcs Inc has a fifty-two week low of $88.97 and a fifty-two week high of $109.95. The stock has a market capitalization of $35.17 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, July 31st. The information technology services provider reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.02. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.12 billion. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. equities analysts forecast that Fidelity National Information Servcs Inc will post 5.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.28 annualized dividend and a yield of 1.20%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 28.96%.

FIS has been the topic of a number of analyst reports. Wolfe Research initiated coverage on shares of Fidelity National Information Servcs in a report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Cantor Fitzgerald upped their target price on shares of Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. Oppenheimer upped their target price on shares of Fidelity National Information Servcs from $105.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, May 9th. Citigroup upped their target price on shares of Fidelity National Information Servcs from $112.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, May 2nd. Finally, ValuEngine upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Fidelity National Information Servcs presently has an average rating of “Buy” and an average price target of $114.55.

In other Fidelity National Information Servcs news, EVP Lenore D. Williams sold 4,285 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $106.00, for a total value of $454,210.00. Following the completion of the sale, the executive vice president now owns 4,999 shares in the company, valued at approximately $529,894. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Lenore D. Williams sold 7,843 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $104.56, for a total transaction of $820,064.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,463 shares of company stock valued at $2,058,706. Company insiders own 2.08% of the company’s stock.

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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