Nomura Asset Management Co. Ltd. Boosts Stock Position in Fidelity National Information Servcs Inc (NYSE:FIS)

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Nomura Asset Management Co. Ltd. raised its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 139,066 shares of the information technology services provider’s stock after purchasing an additional 7,355 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Fidelity National Information Servcs were worth $16,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FIS. Cambridge Investment Research Advisors Inc. grew its stake in Fidelity National Information Servcs by 8.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 34,235 shares of the information technology services provider’s stock valued at $4,762,000 after purchasing an additional 2,547 shares during the last quarter. Ieq Capital LLC purchased a new stake in Fidelity National Information Servcs during the 4th quarter valued at about $220,000. Public Employees Retirement Association of Colorado grew its stake in Fidelity National Information Servcs by 8.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 122,661 shares of the information technology services provider’s stock valued at $17,061,000 after purchasing an additional 9,901 shares during the last quarter. Signaturefd LLC grew its stake in Fidelity National Information Servcs by 1.9% during the 4th quarter. Signaturefd LLC now owns 5,922 shares of the information technology services provider’s stock valued at $824,000 after purchasing an additional 113 shares during the last quarter. Finally, Csenge Advisory Group grew its stake in Fidelity National Information Servcs by 4.7% during the 4th quarter. Csenge Advisory Group now owns 2,928 shares of the information technology services provider’s stock valued at $407,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

In other Fidelity National Information Servcs news, COO Stephanie Ferris sold 6,582 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $138.91, for a total transaction of $914,305.62. Following the completion of the transaction, the chief operating officer now owns 6,991 shares of the company’s stock, valued at $971,119.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Shares of Fidelity National Information Servcs stock traded down $6.15 during mid-day trading on Thursday, reaching $135.07. 1,725,338 shares of the stock traded hands, compared to its average volume of 4,280,449. The business has a 50-day moving average of $132.95 and a 200 day moving average of $135.84. Fidelity National Information Servcs Inc has a fifty-two week low of $91.68 and a fifty-two week high of $158.21. The stock has a market capitalization of $87.23 billion, a PE ratio of 262.62, a PEG ratio of 1.96 and a beta of 0.68. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.39.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Thursday, May 7th. The information technology services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. Fidelity National Information Servcs had a return on equity of 7.89% and a net margin of 1.45%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the firm earned $1.16 earnings per share. The business’s revenue was up 49.6% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Information Servcs Inc will post 5.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.04%. Fidelity National Information Servcs’s payout ratio is currently 24.96%.

A number of analysts have recently commented on the company. KeyCorp lowered their target price on Fidelity National Information Servcs from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, March 23rd. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Servcs from $142.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. SunTrust Banks upped their target price on Fidelity National Information Servcs from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Rosenblatt Securities assumed coverage on Fidelity National Information Servcs in a research note on Friday, March 27th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, Citigroup lowered their target price on Fidelity National Information Servcs from $143.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $152.38.

Fidelity National Information Servcs 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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