First Citizens Bank & Trust Co. Decreases Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

First Citizens Bank & Trust Co. cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.2% during the third quarter, Holdings Channel reports. The institutional investor owned 11,334 shares of the information technology services provider’s stock after selling 1,424 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Fidelity National Information Services were worth $1,669,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FIS. Two Sigma Advisers LP purchased a new position in Fidelity National Information Services in the 1st quarter worth approximately $426,000. Maverick Capital Ltd. raised its stake in shares of Fidelity National Information Services by 10.8% during the first quarter. Maverick Capital Ltd. now owns 19,575 shares of the information technology services provider’s stock valued at $2,381,000 after purchasing an additional 1,907 shares during the period. APG Asset Management N.V. raised its stake in shares of Fidelity National Information Services by 143.4% during the first quarter. APG Asset Management N.V. now owns 1,039,209 shares of the information technology services provider’s stock valued at $126,409,000 after purchasing an additional 612,192 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Fidelity National Information Services by 4.1% during the first quarter. Advisors Asset Management Inc. now owns 26,681 shares of the information technology services provider’s stock valued at $3,245,000 after purchasing an additional 1,039 shares during the period. Finally, Morgan Stanley raised its stake in shares of Fidelity National Information Services by 10.6% during the first quarter. Morgan Stanley now owns 7,368,940 shares of the information technology services provider’s stock valued at $896,359,000 after purchasing an additional 705,855 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.

In other Fidelity National Information Services news, COO Stephanie Ferris sold 6,583 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $150.75, for a total value of $992,387.25. Following the completion of the sale, the chief operating officer now directly owns 32,020 shares of the company’s stock, valued at approximately $4,827,015. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Martin Boyd sold 21,606 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $146.23, for a total transaction of $3,159,445.38. Following the completion of the sale, the insider now directly owns 8,870 shares of the company’s stock, valued at $1,297,060.10. The disclosure for this sale can be found here. Insiders sold 52,365 shares of company stock valued at $7,686,182 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

FIS stock opened at $143.88 on Friday. The company has a market capitalization of $89.15 billion, a P/E ratio of 1,798.72, a PEG ratio of 1.59 and a beta of 0.72. The company has a 50-day simple moving average of $147.38 and a 200 day simple moving average of $138.27. Fidelity National Information Services, Inc. has a fifty-two week low of $91.68 and a fifty-two week high of $158.21. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.30.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.06. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.87 billion. Fidelity National Information Services had a net margin of 0.25% and a return on equity of 6.60%. The company’s quarterly revenue was up 40.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, September 10th. Fidelity National Information Services’s payout ratio is currently 24.96%.

A number of analysts recently issued reports on the stock. Credit Suisse Group restated a “buy” rating on shares of Fidelity National Information Services in a research note on Wednesday, August 12th. Rosenblatt Securities lifted their price target on shares of Fidelity National Information Services from $155.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $170.00 to $172.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Stephens upgraded shares of Fidelity National Information Services to an “overweight” rating and lifted their price target for the stock from $164.00 to $174.00 in a research note on Wednesday, August 5th. Finally, Morgan Stanley lifted their price target on shares of Fidelity National Information Services from $118.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Fidelity National Information Services currently has a consensus rating of “Buy” and an average price target of $161.19.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. The Merchant Solutions segment offers merchant acquiring, integrated payment, and global e-commerce solutions.

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

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