First Hawaiian Bank purchased a new position in Fidelity National Information Servcs Inc (NYSE:FIS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,171 shares of the information technology services provider’s stock, valued at approximately $1,545,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Moneta Group Investment Advisors LLC bought a new stake in Fidelity National Information Servcs in the second quarter worth about $114,000. Fort L.P. bought a new stake in Fidelity National Information Servcs in the second quarter worth about $121,000. Advisors Asset Management Inc. lifted its stake in Fidelity National Information Servcs by 588.2% in the second quarter. Advisors Asset Management Inc. now owns 9,208 shares of the information technology services provider’s stock worth $133,000 after purchasing an additional 7,870 shares during the last quarter. Rational Advisors LLC lifted its stake in Fidelity National Information Servcs by 1,676.5% in the second quarter. Rational Advisors LLC now owns 1,439 shares of the information technology services provider’s stock worth $153,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Cerebellum GP LLC lifted its stake in Fidelity National Information Servcs by 133.6% in the second quarter. Cerebellum GP LLC now owns 1,696 shares of the information technology services provider’s stock worth $180,000 after purchasing an additional 970 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Fidelity National Information Servcs stock opened at $104.07 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.84. Fidelity National Information Servcs Inc has a fifty-two week low of $89.31 and a fifty-two week high of $110.83. The company has a market cap of $34.48 billion, a PE ratio of 21.58, a P/E/G ratio of 1.67 and a beta of 0.93.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.02. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. On average, sell-side analysts predict that Fidelity National Information Servcs Inc will post 5.23 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, September 13th. Fidelity National Information Servcs’s dividend payout ratio is presently 28.96%.

In other news, EVP Lenore D. Williams sold 4,285 shares of Fidelity National Information Servcs stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $106.00, for a total transaction of $454,210.00. Following the completion of the sale, the executive vice president now owns 4,999 shares of the company’s stock, valued at $529,894. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephan A. James sold 23,922 shares of Fidelity National Information Servcs stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the sale, the director now directly owns 41,585 shares of the company’s stock, valued at approximately $4,531,517.45. The disclosure for this sale can be found here. Insiders have sold 46,129 shares of company stock valued at $4,967,533 in the last ninety days. Insiders own 2.08% of the company’s stock.

Several analysts have issued reports on FIS shares. SunTrust Banks raised their price objective on shares of Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Wood & Company raised their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. Wolfe Research started coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, July 17th. They issued an “outperform” rating for the company. Finally, Cantor Fitzgerald raised their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 1st. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $115.54.

About Fidelity National Information Servcs

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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