Polaris Greystone Financial Group LLC Sells 261,558 Shares of Fidelity National Information Servcs Inc (NYSE:FIS)

Polaris Greystone Financial Group LLC decreased its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 98.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,409 shares of the information technology services provider’s stock after selling 261,558 shares during the period. Polaris Greystone Financial Group LLC’s holdings in Fidelity National Information Servcs were worth $388,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Martingale Asset Management L P increased its position in shares of Fidelity National Information Servcs by 34.2% in the third quarter. Martingale Asset Management L P now owns 475,160 shares of the information technology services provider’s stock valued at $51,827,000 after buying an additional 121,083 shares in the last quarter. Virtu Financial LLC increased its position in shares of Fidelity National Information Servcs by 51.3% during the third quarter. Virtu Financial LLC now owns 3,474 shares of the information technology services provider’s stock worth $379,000 after purchasing an additional 1,178 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Fidelity National Information Servcs by 161.4% during the third quarter. GSA Capital Partners LLP now owns 7,776 shares of the information technology services provider’s stock worth $848,000 after purchasing an additional 4,801 shares in the last quarter. Jefferies Group LLC increased its position in shares of Fidelity National Information Servcs by 62.5% during the third quarter. Jefferies Group LLC now owns 5,093 shares of the information technology services provider’s stock worth $555,000 after purchasing an additional 1,959 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Fidelity National Information Servcs by 2.3% during the third quarter. LPL Financial LLC now owns 51,826 shares of the information technology services provider’s stock worth $5,653,000 after purchasing an additional 1,189 shares in the last quarter. Institutional investors and hedge funds own 90.23% of the company’s stock.

FIS has been the subject of several research reports. SunTrust Banks cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 price target for the company. in a research report on Tuesday, March 19th. Zacks Investment Research cut Fidelity National Information Servcs from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. Raymond James began coverage on Fidelity National Information Servcs in a report on Friday, April 12th. They issued a “strong-buy” rating and a $131.00 target price for the company. ValuEngine lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, Wedbush upped their price target on Fidelity National Information Servcs from $110.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Fidelity National Information Servcs currently has an average rating of “Buy” and an average target price of $124.81.

In related news, Director Alexandar Navab, Jr. acquired 5,075 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was bought at an average cost of $107.22 per share, with a total value of $544,141.50. Following the transaction, the director now owns 5,075 shares of the company’s stock, valued at $544,141.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary Norcross sold 88,016 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $108.56, for a total value of $9,555,016.96. Following the sale, the chief executive officer now directly owns 183,887 shares of the company’s stock, valued at $19,962,772.72. The disclosure for this sale can be found here. Company insiders own 2.08% of the company’s stock.

FIS stock traded down $0.20 during mid-day trading on Wednesday, reaching $111.38. The company had a trading volume of 196,697 shares, compared to its average volume of 4,150,811. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $36.58 billion, a P/E ratio of 21.30, a P/E/G ratio of 1.27 and a beta of 0.74. Fidelity National Information Servcs Inc has a fifty-two week low of $93.87 and a fifty-two week high of $115.56.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 12th. The information technology services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. Fidelity National Information Servcs had a return on equity of 16.71% and a net margin of 10.06%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts expect that Fidelity National Information Servcs Inc will post 7.42 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.32. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 26.77%.

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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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