Pineno Levin & Ford Asset Management Inc. raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,270 shares of the company’s stock after buying an additional 940 shares during the period. Fidelity National Information Services comprises approximately 1.7% of Pineno Levin & Ford Asset Management Inc.’s investment portfolio, making the stock its 27th largest position. Pineno Levin & Ford Asset Management Inc.’s holdings in Fidelity National Information Services were worth $3,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Architects Inc boosted its stake in Fidelity National Information Services by 30.2% in the third quarter. Financial Architects Inc now owns 1,359 shares of the company’s stock worth $104,000 after buying an additional 315 shares during the period. Daiwa SB Investments Ltd. boosted its stake in Fidelity National Information Services by 8.8% in the third quarter. Daiwa SB Investments Ltd. now owns 1,600 shares of the company’s stock worth $123,000 after buying an additional 130 shares during the period. Point72 Asia Hong Kong Ltd boosted its stake in Fidelity National Information Services by 800.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,800 shares of the company’s stock worth $133,000 after buying an additional 1,600 shares during the period. Quadrant Capital Group LLC boosted its stake in Fidelity National Information Services by 5.7% in the second quarter. Quadrant Capital Group LLC now owns 2,165 shares of the company’s stock worth $155,000 after buying an additional 116 shares during the period. Finally, Segall Bryant & Hamill LLC purchased a new stake in Fidelity National Information Services during the second quarter worth approximately $207,000. Hedge funds and other institutional investors own 86.13% of the company’s stock.

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

Fidelity National Information Services, Inc. (NYSE:FIS) traded up 0.17% during midday trading on Friday, hitting $77.18. The company had a trading volume of 582,514 shares. The company has a 50 day moving average price of $76.72 and a 200 day moving average price of $77.07. Fidelity National Information Services, Inc. has a 1-year low of $55.11 and a 1-year high of $81.67. The firm has a market capitalization of $25.33 billion, a P/E ratio of 53.45 and a beta of 0.86.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, November 1st. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. The business earned $2.31 billion during the quarter, compared to analyst estimates of $2.41 billion. Fidelity National Information Services had a return on equity of 12.15% and a net margin of 5.38%. The company’s revenue was up 46.2% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post $3.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, December 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. Fidelity National Information Services’s payout ratio is currently 71.72%.

TRADEMARK VIOLATION NOTICE: “Fidelity National Information Services, Inc. (FIS) Position Increased by Pineno Levin & Ford Asset Management Inc.” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another domain, it was illegally copied and reposted in violation of United States & international copyright laws. The legal version of this article can be accessed at http://www.dailypolitical.com/2017/01/13/fidelity-national-information-services-inc-fis-position-increased-by-pineno-levin-ford-asset-management-inc.html.

FIS has been the subject of a number of research reports. Cantor Fitzgerald set a $89.00 price objective on Fidelity National Information Services and gave the company a “buy” rating in a research report on Wednesday, December 7th. Barclays PLC upped their price objective on Fidelity National Information Services from $88.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, September 26th. BMO Capital Markets initiated coverage on Fidelity National Information Services in a research report on Thursday, January 5th. They set an “outperform” rating and a $92.00 price objective for the company. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating and set a $84.00 price objective for the company in a research report on Wednesday, November 2nd. Finally, Pacific Crest assumed coverage on Fidelity National Information Services in a research report on Friday, November 18th. They set an “overweight” rating and a $86.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Fidelity National Information Services has an average rating of “Buy” and an average target price of $87.16.

In other news, Director Richard N. Massey sold 26,000 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $77.21, for a total transaction of $2,007,460.00. Following the sale, the director now directly owns 94,224 shares in the company, valued at approximately $7,275,035.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregory G. Montana sold 1,488 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $74.90, for a total value of $111,451.20. Following the sale, the executive vice president now owns 17,355 shares in the company, valued at $1,299,889.50. The disclosure for this sale can be found here. Company insiders own 2.29% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

5 Day Chart for NYSE:FIS

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS).

Receive News & Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.