Parallel Advisors LLC Grows Position in Fidelity National Information Servcs Inc (NYSE:FIS)

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Parallel Advisors LLC boosted its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 28.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,336 shares of the information technology services provider’s stock after purchasing an additional 1,171 shares during the period. Parallel Advisors LLC’s holdings in Fidelity National Information Servcs were worth $655,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FIS. Marshall Wace North America L.P. grew its position in Fidelity National Information Servcs by 15,717.0% during the 1st quarter. Marshall Wace North America L.P. now owns 1,774,196 shares of the information technology services provider’s stock worth $200,662,000 after purchasing an additional 1,762,979 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Fidelity National Information Servcs during the 1st quarter worth approximately $144,430,000. Swedbank purchased a new stake in Fidelity National Information Servcs during the 1st quarter worth approximately $108,321,000. BlackRock Inc. grew its position in Fidelity National Information Servcs by 3.5% during the 1st quarter. BlackRock Inc. now owns 25,752,780 shares of the information technology services provider’s stock worth $2,912,641,000 after purchasing an additional 877,811 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Fidelity National Information Servcs during the 1st quarter worth approximately $57,172,000. 95.16% of the stock is currently owned by institutional investors.

Shares of Fidelity National Information Servcs stock traded down $0.31 during trading hours on Thursday, reaching $137.89. 11,668 shares of the company’s stock were exchanged, compared to its average volume of 8,796,742. Fidelity National Information Servcs Inc has a 1 year low of $94.53 and a 1 year high of $140.73. The company has a market capitalization of $44.83 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 2.59 and a beta of 0.64. The business has a fifty day moving average of $132.00 and a two-hundred day moving average of $118.50. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.67.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, September 12th. Fidelity National Information Servcs’s payout ratio is 26.77%.

In related news, Director James B. Stallings, Jr. sold 1,240 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.55, for a total value of $151,962.00. Following the completion of the sale, the director now owns 8,370 shares of the company’s stock, valued at $1,025,743.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa Hook sold 6,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $136.14, for a total transaction of $816,840.00. Following the completion of the sale, the director now directly owns 6,797 shares of the company’s stock, valued at approximately $925,343.58. The disclosure for this sale can be found here. Insiders have sold 17,221 shares of company stock valued at $2,323,922 in the last ninety days. Insiders own 1.43% of the company’s stock.

FIS has been the topic of several research analyst reports. Moffett Nathanson initiated coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, May 21st. They set a “buy” rating and a $147.00 target price on the stock. SunTrust Banks set a $135.00 price objective on shares of Fidelity National Information Servcs and gave the company a “hold” rating in a research note on Wednesday, August 7th. Raymond James set a $149.00 price objective on shares of Fidelity National Information Servcs and gave the company a “buy” rating in a research note on Wednesday, August 7th. ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Northcoast Research restated a “neutral” rating on shares of Fidelity National Information Servcs in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $143.61.

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.

Further Reading: Are all No-Load Funds Equal?

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

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