Sullivan Bruyette Speros & Blaney LLC Purchases Shares of 2,709 Fidelity National Information Servcs Inc (FIS)

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Sullivan Bruyette Speros & Blaney LLC purchased a new position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 2,709 shares of the information technology services provider’s stock, valued at approximately $306,000.

A number of other institutional investors also recently made changes to their positions in FIS. Essex Savings Bank purchased a new position in shares of Fidelity National Information Servcs during the 4th quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Fidelity National Information Servcs by 376.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock valued at $25,000 after buying 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 4th quarter valued at $27,000. Doyle Wealth Management purchased a new position in shares of Fidelity National Information Servcs during the 4th quarter valued at $27,000. Finally, Sontag Advisory LLC purchased a new position in shares of Fidelity National Information Servcs during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 90.04% of the company’s stock.

In other Fidelity National Information Servcs news, Director Alexandar Navab, Jr. purchased 5,075 shares of the stock in a transaction on Thursday, March 21st. The shares were purchased at an average price of $107.22 per share, with a total value of $544,141.50. Following the acquisition, the director now directly owns 5,075 shares in the company, valued at approximately $544,141.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.43% of the company’s stock.

FIS has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $122.00 price target on shares of Fidelity National Information Servcs in a research report on Tuesday, April 2nd. Guggenheim upped their price target on Fidelity National Information Servcs to $135.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Friday, February 15th. Bank of America started coverage on Fidelity National Information Servcs in a report on Tuesday, May 14th. They set a “buy” rating and a $139.00 price objective on the stock. Finally, Moffett Nathanson started coverage on Fidelity National Information Servcs in a report on Tuesday. They set a “buy” rating and a $147.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $130.47.

FIS traded up $1.19 during trading on Wednesday, reaching $121.60. 913,069 shares of the company were exchanged, compared to its average volume of 2,988,926. The stock has a market capitalization of $38.42 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.03 and a current ratio of 1.03. Fidelity National Information Servcs Inc has a 12-month low of $94.53 and a 12-month high of $121.14.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, research analysts forecast that Fidelity National Information Servcs Inc will post 7.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.15%. Fidelity National Information Servcs’s payout ratio is currently 26.77%.

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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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