JGP Global Gestao de Recursos Ltda. Takes Position in Fidelity National Information Servcs Inc (NYSE:FIS)

JGP Global Gestao de Recursos Ltda. purchased a new position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,738 shares of the information technology services provider’s stock, valued at approximately $1,633,000. Fidelity National Information Servcs comprises approximately 0.6% of JGP Global Gestao de Recursos Ltda.’s holdings, making the stock its 17th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in Fidelity National Information Servcs by 88.0% in the 3rd quarter. State Street Corp now owns 25,071,270 shares of the information technology services provider’s stock valued at $3,328,462,000 after acquiring an additional 11,738,423 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Fidelity National Information Servcs by 19.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 21,546,773 shares of the information technology services provider’s stock valued at $2,860,549,000 after acquiring an additional 3,461,019 shares in the last quarter. Third Point LLC acquired a new position in Fidelity National Information Servcs during the third quarter worth about $331,899,000. Adelphi Capital LLP acquired a new position in Fidelity National Information Servcs during the third quarter worth about $245,269,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in Fidelity National Information Servcs during the third quarter worth about $244,417,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

In related news, EVP Gregory G. Montana sold 33,423 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $131.76, for a total value of $4,403,814.48. Following the sale, the executive vice president now directly owns 8,586 shares of the company’s stock, valued at $1,131,291.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marc M. Mayo sold 18,084 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $140.00, for a total transaction of $2,531,760.00. Following the completion of the sale, the executive vice president now directly owns 23,202 shares in the company, valued at $3,248,280. The disclosure for this sale can be found here. Insiders sold a total of 59,590 shares of company stock valued at $8,028,304 in the last 90 days. 1.43% of the stock is owned by company insiders.

Shares of FIS stock traded down $1.47 during mid-day trading on Friday, hitting $147.54. 111,570 shares of the company’s stock were exchanged, compared to its average volume of 2,625,712. The stock has a market cap of $91.32 billion, a price-to-earnings ratio of 69.66, a PEG ratio of 2.63 and a beta of 0.63. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.34. Fidelity National Information Servcs Inc has a fifty-two week low of $103.41 and a fifty-two week high of $149.73. The stock has a 50-day simple moving average of $140.44 and a two-hundred day simple moving average of $134.85.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.08. Fidelity National Information Servcs had a return on equity of 12.07% and a net margin of 8.24%. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. As a group, analysts anticipate that Fidelity National Information Servcs Inc will post 5.51 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Morgan Stanley initiated coverage on shares of Fidelity National Information Servcs in a research report on Monday, December 16th. They issued an “equal weight” rating and a $146.00 price target on the stock. Moffett Nathanson downgraded Fidelity National Information Servcs from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 7th. Barclays lifted their price objective on Fidelity National Information Servcs from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Robert W. Baird upped their target price on Fidelity National Information Servcs from $162.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, UBS Group assumed coverage on Fidelity National Information Servcs in a research report on Monday, October 14th. They set a “neutral” rating for the company. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $151.71.

About Fidelity National Information Servcs

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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