Pennsylvania Trust Co Buys Shares of 26,630 Fidelity National Information Servcs Inc (FIS)

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Pennsylvania Trust Co bought a new stake in Fidelity National Information Servcs Inc (NYSE:FIS) during the third quarter, HoldingsChannel reports. The fund bought 26,630 shares of the information technology services provider’s stock, valued at approximately $2,904,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Legacy Capital Partners Inc. lifted its holdings in Fidelity National Information Servcs by 13.1% in the 2nd quarter. Legacy Capital Partners Inc. now owns 4,061 shares of the information technology services provider’s stock valued at $431,000 after purchasing an additional 470 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Fidelity National Information Servcs by 13.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 4,140 shares of the information technology services provider’s stock valued at $438,000 after purchasing an additional 482 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in Fidelity National Information Servcs by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 112,606 shares of the information technology services provider’s stock valued at $11,940,000 after purchasing an additional 500 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Fidelity National Information Servcs by 24.7% in the 2nd quarter. Manchester Capital Management LLC now owns 2,523 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 500 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in shares of Fidelity National Information Servcs by 2.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 22,137 shares of the information technology services provider’s stock valued at $2,347,000 after acquiring an additional 502 shares during the last quarter. Institutional investors own 88.04% of the company’s stock.

A number of research analysts have recently commented on the stock. Wood & Company upped their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. SunTrust Banks upped their price objective on shares of Fidelity National Information Servcs to $125.00 and gave the company a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Cantor Fitzgerald upped their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. Finally, ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $115.54.

In related news, Director Stephan A. James sold 23,922 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the completion of the sale, the director now owns 41,585 shares of the company’s stock, valued at approximately $4,531,517.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David K. Hunt sold 17,922 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $106.38, for a total transaction of $1,906,542.36. Following the sale, the director now directly owns 24,989 shares of the company’s stock, valued at approximately $2,658,329.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,129 shares of company stock valued at $4,967,533. Corporate insiders own 2.08% of the company’s stock.

NYSE FIS opened at $102.83 on Thursday. Fidelity National Information Servcs Inc has a 12 month low of $89.31 and a 12 month high of $110.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $35.86 billion, a PE ratio of 23.26, a P/E/G ratio of 1.74 and a beta of 0.93.

Fidelity National Information Servcs (NYSE:FIS) last posted its earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.02. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.12 billion. Fidelity National Information Servcs had a net margin of 16.59% and a return on equity of 15.42%. The company’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. On average, analysts expect that Fidelity National Information Servcs Inc will post 5.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, September 13th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 28.96%.

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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Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Servcs Inc (NYSE:FIS).

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

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