Montag & Caldwell LLC Trims Position in Fidelity National Information Servcs Inc (NYSE:FIS)

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Montag & Caldwell LLC cut its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 529,895 shares of the information technology services provider’s stock after selling 21,822 shares during the period. Fidelity National Information Servcs comprises 3.3% of Montag & Caldwell LLC’s portfolio, making the stock its 12th largest holding. Montag & Caldwell LLC owned approximately 0.16% of Fidelity National Information Servcs worth $65,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC grew its stake in Fidelity National Information Servcs by 2.1% during the second quarter. Chicago Partners Investment Group LLC now owns 4,125 shares of the information technology services provider’s stock valued at $541,000 after acquiring an additional 83 shares in the last quarter. Global Retirement Partners LLC grew its stake in Fidelity National Information Servcs by 46.6% during the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 90 shares in the last quarter. Tdam USA Inc. grew its stake in Fidelity National Information Servcs by 0.7% during the first quarter. Tdam USA Inc. now owns 12,802 shares of the information technology services provider’s stock valued at $1,448,000 after acquiring an additional 90 shares in the last quarter. Intrust Bank NA grew its stake in Fidelity National Information Servcs by 0.6% during the first quarter. Intrust Bank NA now owns 16,003 shares of the information technology services provider’s stock valued at $1,810,000 after acquiring an additional 91 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in Fidelity National Information Servcs by 12.7% during the second quarter. AdvisorNet Financial Inc now owns 819 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 92 shares in the last quarter. 93.03% of the stock is owned by institutional investors.

FIS traded up $3.43 on Thursday, reaching $134.11. 2,478,638 shares of the company traded hands, compared to its average volume of 8,227,597. Fidelity National Information Servcs Inc has a one year low of $94.53 and a one year high of $137.24. The firm has a fifty day moving average price of $129.86. The firm has a market capitalization of $42.91 billion, a P/E ratio of 25.64, a P/E/G ratio of 2.53 and a beta of 0.64. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.78. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.11 billion. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business posted $1.23 EPS. Equities research analysts expect that Fidelity National Information Servcs Inc will post 5.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 26.77%.

Several research firms recently weighed in on FIS. Wedbush set a $150.00 target price on shares of Fidelity National Information Servcs and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup set a $152.00 price objective on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Friday, July 19th. Berenberg Bank set a $171.00 price objective on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Friday, August 9th. SunTrust Banks set a $135.00 target price on shares of Fidelity National Information Servcs and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Co raised their target price on shares of Fidelity National Information Servcs from $117.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $143.61.

In other Fidelity National Information Servcs news, Director James B. Stallings, Jr. sold 1,240 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.55, for a total transaction of $151,962.00. Following the transaction, the director now owns 8,370 shares of the company’s stock, valued at approximately $1,025,743.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary L. Lauer sold 9,981 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $135.77, for a total transaction of $1,355,120.37. Following the transaction, the director now directly owns 18,621 shares in the company, valued at approximately $2,528,173.17. The disclosure for this sale can be found here. Company insiders own 1.43% of the company’s stock.

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.

See Also: Special Dividends

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

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