Ferguson Wellman Capital Management Inc. purchased a new position in Fidelity National Information Servcs Inc (NYSE:FIS) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 166,280 shares of the information technology services provider’s stock, valued at approximately $20,399,000. Ferguson Wellman Capital Management Inc. owned 0.05% of Fidelity National Information Servcs at the end of the most recent quarter.
Several other large investors also recently modified their holdings of FIS. Norges Bank acquired a new stake in shares of Fidelity National Information Servcs in the 4th quarter worth approximately $313,772,000. Marshall Wace North America L.P. lifted its stake in shares of Fidelity National Information Servcs by 15,717.0% in the 1st quarter. Marshall Wace North America L.P. now owns 1,774,196 shares of the information technology services provider’s stock worth $200,662,000 after acquiring an additional 1,762,979 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of Fidelity National Information Servcs in the 1st quarter worth approximately $144,430,000. Swedbank acquired a new stake in shares of Fidelity National Information Servcs in the 1st quarter worth approximately $108,321,000. Finally, BlackRock Inc. lifted its stake in shares of Fidelity National Information Servcs by 3.5% in the 1st quarter. BlackRock Inc. now owns 25,752,780 shares of the information technology services provider’s stock worth $2,912,641,000 after acquiring an additional 877,811 shares during the period. 92.68% of the stock is owned by institutional investors.
In other news, Director James B. Stallings, Jr. sold 1,240 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $122.55, for a total transaction of $151,962.00. Following the sale, the director now owns 8,370 shares in the company, valued at $1,025,743.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.43% of the stock is owned by insiders.
A number of analysts recently commented on FIS shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $60.00 target price on shares of Benefitfocus in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods started coverage on shares of Fiserv in a report on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price on the stock. Moffett Nathanson started coverage on shares of Fidelity National Information Servcs in a report on Tuesday, May 21st. They issued a “buy” rating and a $147.00 target price on the stock. Finally, Robert W. Baird boosted their target price on shares of Fidelity National Information Servcs from $134.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $151.18.
Shares of FIS stock traded up $2.46 during trading hours on Thursday, reaching $132.58. 4,137,610 shares of the stock traded hands, compared to its average volume of 2,659,693. Fidelity National Information Servcs Inc has a 1-year low of $94.53 and a 1-year high of $132.17. The firm has a fifty day moving average of $125.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.56 and a beta of 0.63.
Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.07. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Information Servcs Inc will post 7.44 earnings per share for the current year.
Fidelity National Information Servcs Company 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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