Artemis Investment Management LLP Has $86.86 Million Stock Holdings in Fidelity National Information Servcs Inc (NYSE:FIS)

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Artemis Investment Management LLP lifted its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 54.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 655,798 shares of the information technology services provider’s stock after acquiring an additional 232,230 shares during the period. Fidelity National Information Servcs makes up 1.2% of Artemis Investment Management LLP’s portfolio, making the stock its 18th largest holding. Artemis Investment Management LLP owned approximately 0.11% of Fidelity National Information Servcs worth $86,861,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its stake in shares of Fidelity National Information Servcs by 18.2% in the second quarter. CIBC Private Wealth Group LLC now owns 2,183,177 shares of the information technology services provider’s stock worth $267,834,000 after acquiring an additional 336,826 shares during the last quarter. Atria Investments LLC increased its position in Fidelity National Information Servcs by 93.7% during the second quarter. Atria Investments LLC now owns 14,136 shares of the information technology services provider’s stock worth $1,872,000 after purchasing an additional 6,837 shares during the last quarter. Accident Compensation Corp increased its position in Fidelity National Information Servcs by 306.1% during the first quarter. Accident Compensation Corp now owns 13,400 shares of the information technology services provider’s stock worth $1,516,000 after purchasing an additional 10,100 shares during the last quarter. Cannell Peter B & Co. Inc. increased its position in Fidelity National Information Servcs by 75.2% during the second quarter. Cannell Peter B & Co. Inc. now owns 438,723 shares of the information technology services provider’s stock worth $53,823,000 after purchasing an additional 188,288 shares during the last quarter. Finally, Dana Investment Advisors Inc. acquired a new position in Fidelity National Information Servcs during the second quarter worth approximately $3,178,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

In other Fidelity National Information Servcs news, Director Charles Drucker sold 62,816 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $134.22, for a total transaction of $8,431,163.52. Following the completion of the transaction, the director now owns 533,516 shares of the company’s stock, valued at approximately $71,608,517.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark L. Heimbouch sold 111,586 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $134.28, for a total value of $14,983,768.08. Following the transaction, the insider now directly owns 199,168 shares of the company’s stock, valued at approximately $26,744,279.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 331,737 shares of company stock valued at $44,517,690. Insiders own 1.43% of the company’s stock.

NYSE:FIS traded down $0.26 during trading hours on Thursday, reaching $131.37. 69,144 shares of the stock were exchanged, compared to its average volume of 3,556,199. Fidelity National Information Servcs Inc has a twelve month low of $94.53 and a twelve month high of $141.35. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00. The firm has a 50 day moving average of $133.69 and a 200 day moving average of $124.67. The stock has a market cap of $80.10 billion, a PE ratio of 25.16, a PEG ratio of 2.50 and a beta of 0.64.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.78. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm posted $1.23 EPS. The business’s revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Servcs Inc will post 5.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is currently 26.77%.

FIS has been the subject of several research analyst reports. Cantor Fitzgerald upped their price target on shares of Fidelity National Information Servcs from $134.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Berenberg Bank set a $171.00 target price on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research note on Friday, August 9th. Atlantic Securities initiated coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, September 3rd. They issued an “overweight” rating and a $175.00 target price for the company. Oppenheimer set a $148.00 target price on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Citigroup upped their target price on shares of Fidelity National Information Servcs from $142.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Three analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and a consensus price target of $148.53.

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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