State of Alaska Department of Revenue Acquires 91,883 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

State of Alaska Department of Revenue lifted its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 189.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,292 shares of the information technology services provider’s stock after purchasing an additional 91,883 shares during the period. State of Alaska Department of Revenue’s holdings in Fidelity National Information Servcs were worth $18,624,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Redhawk Wealth Advisors Inc. bought a new stake in shares of Fidelity National Information Servcs during the 2nd quarter valued at about $29,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Fidelity National Information Servcs during the 1st quarter valued at about $29,000. Doyle Wealth Management bought a new stake in shares of Fidelity National Information Servcs during the 2nd quarter valued at about $32,000. San Francisco Sentry Investment Group CA boosted its position in shares of Fidelity National Information Servcs by 503.6% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 332 shares of the information technology services provider’s stock valued at $41,000 after purchasing an additional 277 shares in the last quarter. Finally, Pathstone Family Office LLC boosted its position in shares of Fidelity National Information Servcs by 1,042.9% during the 2nd quarter. Pathstone Family Office LLC now owns 400 shares of the information technology services provider’s stock valued at $49,000 after purchasing an additional 365 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

A number of research firms recently weighed in on FIS. Robert W. Baird upped their price target on Fidelity National Information Servcs from $145.00 to $158.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Canaccord Genuity began coverage on Fidelity National Information Servcs in a research note on Thursday, September 12th. They set a “buy” rating and a $151.00 price target on the stock. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Wednesday, July 3rd. Raymond James set a $149.00 price target on Fidelity National Information Servcs and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Atlantic Securities began coverage on Fidelity National Information Servcs in a research note on Tuesday, September 3rd. They set an “overweight” rating and a $175.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $148.53.

In other news, Director Gary L. Lauer sold 9,981 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $135.77, for a total value of $1,355,120.37. Following the completion of the sale, the director now directly owns 18,621 shares of the company’s stock, valued at $2,528,173.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lisa Hook sold 6,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $136.14, for a total value of $816,840.00. Following the completion of the sale, the director now directly owns 6,797 shares of the company’s stock, valued at $925,343.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 331,737 shares of company stock valued at $44,517,690. Company insiders own 1.43% of the company’s stock.

FIS stock traded up $0.16 during trading on Thursday, reaching $129.54. 141,705 shares of the stock were exchanged, compared to its average volume of 3,332,100. The firm’s 50 day moving average is $134.42 and its 200 day moving average is $123.88. Fidelity National Information Servcs Inc has a twelve month low of $94.53 and a twelve month high of $141.35. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67. The firm has a market cap of $81.44 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 2.55 and a beta of 0.64.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, hitting the consensus estimate of $1.78. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, analysts predict that Fidelity National Information Servcs Inc will post 5.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

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.

Featured Article: What is a Real Estate Investment Trust (REIT)?

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Servcs Inc (NYSE:FIS).

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

Receive News & Ratings for Fidelity National Information Servcs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Servcs and related companies with MarketBeat.com's FREE daily email newsletter.