Bailard Inc. Has $233,000 Position in Fidelity National Information Servcs Inc (FIS)

Bailard Inc. lessened its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 42.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,060 shares of the information technology services provider’s stock after selling 1,489 shares during the quarter. Bailard Inc.’s holdings in Fidelity National Information Servcs were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. raised its position in Fidelity National Information Servcs by 5.4% in the 4th quarter. Whittier Trust Co. now owns 1,843 shares of the information technology services provider’s stock valued at $189,000 after purchasing an additional 95 shares during the last quarter. Huntington National Bank raised its position in Fidelity National Information Servcs by 5.2% in the 1st quarter. Huntington National Bank now owns 2,103 shares of the information technology services provider’s stock valued at $238,000 after purchasing an additional 104 shares during the last quarter. Keybank National Association OH raised its position in Fidelity National Information Servcs by 2.7% in the 4th quarter. Keybank National Association OH now owns 4,457 shares of the information technology services provider’s stock valued at $457,000 after purchasing an additional 118 shares during the last quarter. Annex Advisory Services LLC raised its position in Fidelity National Information Servcs by 1.1% in the 4th quarter. Annex Advisory Services LLC now owns 10,668 shares of the information technology services provider’s stock valued at $1,094,000 after purchasing an additional 119 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its position in Fidelity National Information Servcs by 64.4% in the 3rd quarter. Cornerstone Advisors Inc. now owns 319 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 125 shares during the last quarter. 90.04% of the stock is currently owned by institutional investors.

In related news, Director Alexandar Navab, Jr. acquired 5,075 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was acquired at an average cost of $107.22 per share, with a total value of $544,141.50. Following the completion of the purchase, the director now directly owns 5,075 shares in the company, valued at $544,141.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.43% of the stock is owned by insiders.

Shares of Fidelity National Information Servcs stock traded up $0.59 during trading on Wednesday, reaching $121.00. 2,970,036 shares of the company were exchanged, compared to its average volume of 2,990,140. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. Fidelity National Information Servcs Inc has a twelve month low of $94.53 and a twelve month high of $121.75. The stock has a market cap of $38.42 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Analysts expect that Fidelity National Information Servcs Inc will post 7.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.16%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

Several equities analysts have issued reports on FIS shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $122.00 price objective on shares of Fidelity National Information Servcs in a research report on Tuesday, April 2nd. Guggenheim lifted their price objective on Fidelity National Information Servcs to $135.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Friday, February 15th. Bank of America initiated coverage on Fidelity National Information Servcs in a research report on Tuesday, May 14th. They set a “buy” rating and a $139.00 target price for the company. Finally, Moffett Nathanson initiated coverage on Fidelity National Information Servcs in a research report on Tuesday. They set a “buy” rating and a $147.00 target price for the company. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and an average price target of $130.47.

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

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