Polaris Greystone Financial Group LLC boosted its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 2.6% in the third quarter, HoldingsChannel.com reports. The firm owned 267,709 shares of the information technology services provider’s stock after buying an additional 6,871 shares during the period. Fidelity National Information Servcs accounts for about 2.0% of Polaris Greystone Financial Group LLC’s investment portfolio, making the stock its 12th largest holding. Polaris Greystone Financial Group LLC’s holdings in Fidelity National Information Servcs were worth $29,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Unigestion Holding SA acquired a new stake in Fidelity National Information Servcs in the second quarter valued at $10,740,000. EdgePoint Investment Group Inc. bought a new stake in Fidelity National Information Servcs during the second quarter valued at $256,346,000. Natixis boosted its position in Fidelity National Information Servcs by 1,257.7% during the second quarter. Natixis now owns 577,810 shares of the information technology services provider’s stock valued at $61,265,000 after acquiring an additional 535,253 shares during the last quarter. Capital Fund Management S.A. boosted its position in Fidelity National Information Servcs by 32.6% during the second quarter. Capital Fund Management S.A. now owns 79,757 shares of the information technology services provider’s stock valued at $8,457,000 after acquiring an additional 19,600 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in Fidelity National Information Servcs by 5.0% during the second quarter. Riverhead Capital Management LLC now owns 11,579 shares of the information technology services provider’s stock valued at $1,228,000 after acquiring an additional 552 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

FIS has been the topic of a number of research analyst reports. Cantor Fitzgerald upped their price target on shares of Fidelity National Information Servcs to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. SunTrust Banks upped their price target on shares of Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Friday, August 3rd. Wood & Company upped their price target on shares of Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $115.54.

Shares of FIS stock traded up $0.04 on Friday, reaching $104.11. 7,284 shares of the company were exchanged, compared to its average volume of 1,767,836. The stock has a market capitalization of $34.48 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.38 and a quick ratio of 1.38. Fidelity National Information Servcs Inc has a one year low of $89.31 and a one year high of $110.83.

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

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

In other news, Director Stephan A. James sold 23,922 shares of the stock in a transaction dated 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 transaction, the director now owns 41,585 shares of the company’s stock, valued at approximately $4,531,517.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lenore D. Williams sold 4,285 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $106.00, for a total transaction of $454,210.00. Following the transaction, the executive vice president now directly owns 4,999 shares in the company, valued at approximately $529,894. The disclosure for this sale can be found here. Insiders have sold a total of 46,129 shares of company stock worth $4,967,533 in the last three months. Insiders own 2.08% of the company’s stock.

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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