Rhumbline Advisers Has $59.83 Million Holdings in Fidelity National Information Servcs Inc (NYSE:FIS)

Rhumbline Advisers lowered its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 9.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 528,953 shares of the information technology services provider’s stock after selling 58,349 shares during the period. Rhumbline Advisers owned 0.16% of Fidelity National Information Servcs worth $59,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in Fidelity National Information Servcs by 5.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,194 shares of the information technology services provider’s stock worth $248,000 after purchasing an additional 113 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Fidelity National Information Servcs by 105.6% in the 1st quarter. Moors & Cabot Inc. now owns 19,694 shares of the information technology services provider’s stock worth $2,232,000 after acquiring an additional 10,113 shares in the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Fidelity National Information Servcs by 10.5% in the 1st quarter. Van Hulzen Asset Management LLC now owns 3,198 shares of the information technology services provider’s stock worth $362,000 after acquiring an additional 305 shares in the last quarter. Pictet & Cie Europe SA acquired a new stake in shares of Fidelity National Information Servcs in the 1st quarter valued at about $378,000. Finally, Emerald Advisers LLC acquired a new stake in shares of Fidelity National Information Servcs in the 1st quarter valued at about $659,000. Institutional investors own 92.68% of the company’s stock.

In other news, Director Alexandar Navab, Jr. purchased 5,075 shares of Fidelity National Information Servcs stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the transaction, the director now directly owns 5,075 shares of the company’s stock, valued at $544,141.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.43% of the stock is owned by insiders.

Several analysts have recently commented on FIS shares. Raymond James started coverage on Fidelity National Information Servcs in a research note on Friday, April 12th. They issued a “strong-buy” rating and a $131.00 target price for the company. Moffett Nathanson started coverage on Fidelity National Information Servcs in a research note on Tuesday, May 21st. They set a “buy” rating and a $147.00 price target for the company. Wells Fargo & Co lifted their price target on Fidelity National Information Servcs from $117.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Servcs in a research note on Tuesday, February 12th. Finally, SunTrust Banks downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 target price on the stock. in a research note on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $130.47.

FIS stock traded down $0.28 during midday trading on Wednesday, reaching $119.07. 2,291,544 shares of the company’s stock traded hands, compared to its average volume of 3,340,582. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 1.03. Fidelity National Information Servcs Inc has a 52 week low of $94.53 and a 52 week high of $121.86. The stock has a market capitalization of $38.43 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.33 and a beta of 0.73.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.18%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 26.77%.

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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.

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

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