Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Associated Banc Corp

Associated Banc Corp lowered its stake in Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 18.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 66,004 shares of the information technology services provider’s stock after selling 15,099 shares during the quarter. Associated Banc Corp’s holdings in Fidelity National Information Services were worth $7,204,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in FIS. Boston Partners raised its holdings in Fidelity National Information Services by 80.1% in the 4th quarter. Boston Partners now owns 7,031,348 shares of the information technology services provider’s stock valued at $768,182,000 after buying an additional 3,127,602 shares during the period. Wellington Management Group LLP increased its position in shares of Fidelity National Information Services by 18.6% in the 3rd quarter. Wellington Management Group LLP now owns 19,275,082 shares of the information technology services provider’s stock valued at $2,345,392,000 after purchasing an additional 3,022,430 shares during the last quarter. FIL Ltd lifted its position in shares of Fidelity National Information Services by 165.1% during the 3rd quarter. FIL Ltd now owns 4,319,390 shares of the information technology services provider’s stock worth $525,584,000 after purchasing an additional 2,690,027 shares during the last quarter. Morningstar Investment Services LLC increased its holdings in Fidelity National Information Services by 262.8% in the fourth quarter. Morningstar Investment Services LLC now owns 1,193,113 shares of the information technology services provider’s stock valued at $130,287,000 after buying an additional 864,212 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in Fidelity National Information Services by 7,459.0% during the 3rd quarter. Squarepoint Ops LLC now owns 679,026 shares of the information technology services provider’s stock worth $82,624,000 after buying an additional 670,043 shares during the last quarter. 89.51% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:FIS traded up $2.55 during mid-day trading on Friday, reaching $96.50. The stock had a trading volume of 2,371,650 shares, compared to its average volume of 3,768,789. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $58.94 billion, a price-to-earnings ratio of 65.20, a price-to-earnings-growth ratio of 0.94 and a beta of 0.70. Fidelity National Information Services, Inc. has a 1-year low of $85.00 and a 1-year high of $152.20. The stock’s 50 day simple moving average is $98.26 and its two-hundred day simple moving average is $105.31.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The information technology services provider reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. Fidelity National Information Services had a return on equity of 8.76% and a net margin of 6.43%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the business earned $1.30 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 7.32 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, June 9th. Fidelity National Information Services’s dividend payout ratio is presently 127.03%.

A number of research firms have weighed in on FIS. Morgan Stanley cut their price objective on shares of Fidelity National Information Services from $134.00 to $113.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 16th. Stephens began coverage on shares of Fidelity National Information Services in a report on Wednesday, April 6th. They issued an “overweight” rating and a $125.00 target price on the stock. Mizuho decreased their price objective on Fidelity National Information Services from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, February 23rd. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a report on Monday, April 4th. They issued an “overweight” rating and a $132.00 target price on the stock. Finally, StockNews.com started coverage on Fidelity National Information Services in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $137.36.

About Fidelity National Information Services (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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

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