Shellback Capital LP lessened its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 340,841 shares of the information technology services provider’s stock after selling 41,000 shares during the period. Fidelity National Information Servcs makes up 6.3% of Shellback Capital LP’s holdings, making the stock its 2nd biggest position. Shellback Capital LP owned approximately 0.10% of Fidelity National Information Servcs worth $34,953,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of FIS. Essex Savings Bank purchased a new position in shares of Fidelity National Information Servcs during the fourth quarter worth $25,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Fidelity National Information Servcs by 376.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 196 shares during the last quarter. We Are One Seven LLC purchased a new position in shares of Fidelity National Information Servcs during the fourth quarter worth $27,000. Doyle Wealth Management purchased a new position in shares of Fidelity National Information Servcs during the fourth quarter worth $27,000. Finally, Cornerstone Advisors Inc. grew its position in Fidelity National Information Servcs by 64.4% during the third quarter. Cornerstone Advisors Inc. now owns 319 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 125 shares during the period. 87.40% of the stock is owned by hedge funds and other institutional investors.
Get Fidelity National Information Servcs alerts:FIS has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. ValuEngine lowered shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Barclays initiated coverage on shares of Fidelity National Information Servcs in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $129.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Servcs in a research report on Tuesday, February 12th. Finally, Goldman Sachs Group upgraded shares of Fidelity National Information Servcs from a “neutral” rating to a “buy” rating and lifted their target price for the company from $108.00 to $128.00 in a research report on Tuesday, December 11th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Fidelity National Information Servcs currently has a consensus rating of “Buy” and a consensus target price of $120.70.
In other Fidelity National Information Servcs news, Director Brian T. Shea purchased 290 shares of the stock in a transaction that occurred on Saturday, October 12th. The shares were purchased at an average cost of $101.43 per share, for a total transaction of $29,414.70. Following the completion of the transaction, the director now owns 3,210 shares of the company’s stock, valued at approximately $325,590.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marc M. Mayo sold 34,826 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $105.00, for a total transaction of $3,656,730.00. Following the transaction, the executive vice president now owns 24,594 shares in the company, valued at $2,582,370. The disclosure for this sale can be found here. Insiders have sold 282,842 shares of company stock worth $30,621,347 over the last 90 days. 2.08% of the stock is currently owned by company insiders.
FIS traded up $0.01 on Wednesday, reaching $107.38. 5,002 shares of the company’s stock were exchanged, compared to its average volume of 1,954,146. The firm has a market capitalization of $34.67 billion, a PE ratio of 20.53, a PEG 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 current ratio of 1.19, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.
Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.22 billion. Fidelity National Information Servcs had a net margin of 10.06% and a return on equity of 16.71%. Fidelity National Information Servcs’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 earnings per share. As a group, analysts predict 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. Investors of record on Friday, March 15th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, March 14th. This is a positive change from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 1.30%. Fidelity National Information Servcs’s payout ratio is presently 24.47%.
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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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