39,995 Shares in Fidelity National Information Servcs Inc (NYSE:FIS) Acquired by Morris Capital Advisors LLC

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Morris Capital Advisors LLC purchased a new position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 39,995 shares of the information technology services provider’s stock, valued at approximately $5,310,000. Fidelity National Information Servcs comprises approximately 4.7% of Morris Capital Advisors LLC’s portfolio, making the stock its 4th largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Fidelity National Information Servcs by 0.6% during the 2nd quarter. BlackRock Inc. now owns 25,907,690 shares of the information technology services provider’s stock worth $3,178,354,000 after purchasing an additional 154,910 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Fidelity National Information Servcs by 0.5% in the second quarter. Vanguard Group Inc. now owns 25,196,366 shares of the information technology services provider’s stock valued at $3,091,089,000 after buying an additional 131,170 shares during the period. Longview Partners Guernsey LTD lifted its holdings in Fidelity National Information Servcs by 8.8% in the second quarter. Longview Partners Guernsey LTD now owns 10,023,146 shares of the information technology services provider’s stock valued at $1,229,640,000 after buying an additional 810,835 shares during the period. JPMorgan Chase & Co. lifted its holdings in Fidelity National Information Servcs by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 7,485,794 shares of the information technology services provider’s stock valued at $908,326,000 after buying an additional 126,241 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Fidelity National Information Servcs by 7.7% during the second quarter. Morgan Stanley now owns 5,660,192 shares of the information technology services provider’s stock valued at $694,394,000 after purchasing an additional 403,302 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Atlantic Securities assumed coverage on shares of Fidelity National Information Servcs in a report on Tuesday, September 3rd. They set an “overweight” rating and a $175.00 price objective on the stock. Bank of America upped their price objective on shares of Fidelity National Information Servcs from $143.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Canaccord Genuity began coverage on shares of Fidelity National Information Servcs in a research report on Thursday, September 12th. They issued a “buy” rating and a $151.00 price objective for the company. Berenberg Bank set a $171.00 price objective on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Oppenheimer set a $148.00 price objective on shares of Fidelity National Information Servcs and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $148.53.

Shares of Fidelity National Information Servcs stock traded up $0.04 on Monday, reaching $128.37. 1,283,800 shares of the company traded hands, compared to its average volume of 2,955,180. Fidelity National Information Servcs Inc has a 52 week low of $94.53 and a 52 week high of $141.35. The company has a 50 day moving average of $132.82 and a 200 day moving average of $125.61. The firm has a market capitalization of $80.07 billion, a PE ratio of 24.54, a PEG ratio of 2.50 and a beta of 0.64. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.78. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. Fidelity National Information Servcs’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. As a group, analysts anticipate that Fidelity National Information Servcs Inc will post 5.83 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, September 12th. Fidelity National Information Servcs’s payout ratio is currently 26.77%.

In related news, Director Charles Drucker sold 62,816 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $134.22, for a total transaction of $8,431,163.52. Following the sale, the director now directly owns 533,516 shares in the company, valued at approximately $71,608,517.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James W. Woodall sold 100,499 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $133.76, for a total transaction of $13,442,746.24. Following the sale, the chief financial officer now owns 157,497 shares in the company, valued at $21,066,798.72. The disclosure for this sale can be found here. Insiders have sold a total of 331,737 shares of company stock worth $44,517,690 over the last 90 days. 1.43% of the stock is currently owned by corporate insiders.

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.

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

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