Buckingham Asset Management LLC Holds Position in Fidelity National Information Servcs Inc (FIS)

Buckingham Asset Management LLC held its stake in Fidelity National Information Servcs Inc (NYSE:FIS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,138 shares of the information technology services provider’s stock at the end of the first quarter. Buckingham Asset Management LLC’s holdings in Fidelity National Information Servcs were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FIS. Financial Architects Inc boosted its stake in Fidelity National Information Servcs by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock worth $106,000 after buying an additional 9 shares during the last quarter. Huntington National Bank boosted its stake in Fidelity National Information Servcs by 1.0% in the first quarter. Huntington National Bank now owns 1,950 shares of the information technology services provider’s stock worth $155,000 after buying an additional 20 shares during the last quarter. Intrust Bank NA boosted its stake in Fidelity National Information Servcs by 0.3% in the first quarter. Intrust Bank NA now owns 14,909 shares of the information technology services provider’s stock worth $1,187,000 after buying an additional 45 shares during the last quarter. North Star Investment Management Corp. boosted its stake in Fidelity National Information Servcs by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock worth $116,000 after buying an additional 75 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Fidelity National Information Servcs by 3.8% in the first quarter. Quadrant Capital Group LLC now owns 2,241 shares of the information technology services provider’s stock worth $174,000 after buying an additional 83 shares during the last quarter. 87.30% of the stock is currently owned by institutional investors.

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

Shares of Fidelity National Information Servcs Inc (NYSE:FIS) traded up 0.07% during midday trading on Friday, hitting $85.42. 691,104 shares of the company’s stock traded hands. The company has a 50 day moving average of $82.67 and a 200 day moving average of $79.88. Fidelity National Information Servcs Inc has a 52 week low of $68.03 and a 52 week high of $85.64. The stock has a market cap of $28.24 billion, a P/E ratio of 43.60 and a beta of 0.84.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.04. Fidelity National Information Servcs had a return on equity of 13.03% and a net margin of 6.15%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Information Servcs Inc will post $4.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.36%. The ex-dividend date is Wednesday, June 14th. Fidelity National Information Servcs’s dividend payout ratio is presently 60.12%.

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A number of research firms have weighed in on FIS. Cantor Fitzgerald reissued a “buy” rating and set a $89.00 price objective on shares of Fidelity National Information Servcs in a report on Tuesday, May 2nd. Compass Point cut shares of Fidelity National Information Servcs from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $86.00 to $83.00 in a report on Wednesday, May 3rd. Barclays PLC reissued a “buy” rating and set a $94.00 price objective on shares of Fidelity National Information Servcs in a report on Friday, May 5th. William Blair reissued an “outperform” rating on shares of Fidelity National Information Servcs in a report on Tuesday, March 28th. Finally, Goldman Sachs Group Inc cut shares of Fidelity National Information Servcs from a “buy” rating to a “neutral” rating and set a $86.00 price objective on the stock. in a report on Monday, March 27th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $88.17.

In other news, Director Frank R. Martire sold 305,500 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $81.96, for a total value of $25,038,780.00. Following the completion of the transaction, the director now owns 99,633 shares of the company’s stock, valued at $8,165,920.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kathleen T. Thompson sold 3,200 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $82.21, for a total value of $263,072.00. Following the completion of the transaction, the senior vice president now directly owns 8,573 shares of the company’s stock, valued at approximately $704,786.33. The disclosure for this sale can be found here. Insiders sold 1,382,349 shares of company stock worth $113,560,258 over the last ninety days. 2.29% of the stock is owned by corporate insiders.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

12 Month Chart for NYSE:FIS

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