Teachers Retirement System of The State of Kentucky Increases Stock Position in Fidelity National Information Servcs Inc (NYSE:FIS)

Teachers Retirement System of The State of Kentucky grew its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,305 shares of the information technology services provider’s stock after acquiring an additional 2,265 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Fidelity National Information Servcs were worth $30,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ninety One SA PTY Ltd boosted its holdings in shares of Fidelity National Information Servcs by 0.7% during the 2nd quarter. Ninety One SA PTY Ltd now owns 15,241 shares of the information technology services provider’s stock valued at $2,013,000 after acquiring an additional 100 shares during the last quarter. Bridgeway Capital Management Inc. lifted its stake in shares of Fidelity National Information Servcs by 2.6% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 245,500 shares of the information technology services provider’s stock worth $32,919,000 after purchasing an additional 6,300 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Fidelity National Information Servcs by 4.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,328,346 shares of the information technology services provider’s stock worth $312,162,000 after purchasing an additional 88,554 shares during the period. WFA of San Diego LLC bought a new position in shares of Fidelity National Information Servcs in the 2nd quarter worth approximately $636,000. Finally, Quadrature Capital Ltd lifted its stake in shares of Fidelity National Information Servcs by 835.6% in the 2nd quarter. Quadrature Capital Ltd now owns 46,490 shares of the information technology services provider’s stock worth $6,233,000 after purchasing an additional 41,521 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Bruce F. Lowthers, Jr. sold 89,478 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $138.56, for a total value of $12,398,071.68. Following the completion of the transaction, the insider now directly owns 36,213 shares of the company’s stock, valued at $5,017,673.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Keith W. Hughes sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $151.40, for a total transaction of $757,000.00. In the last quarter, insiders have sold 122,776 shares of company stock worth $17,322,864. Company insiders own 0.70% of the company’s stock.

Shares of Fidelity National Information Servcs stock traded up $2.27 on Tuesday, hitting $148.50. 2,112,638 shares of the company traded hands, compared to its average volume of 3,965,419. The stock has a market capitalization of $92.01 billion, a P/E ratio of 1,855.86, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.71 and a current ratio of 0.71. Fidelity National Information Servcs Inc has a 52 week low of $91.68 and a 52 week high of $158.21. The business has a 50-day simple moving average of $146.32 and a 200 day simple moving average of $135.28.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.06. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Fidelity National Information Servcs had a net margin of 0.25% and a return on equity of 6.60%. The company’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 earnings per share. Research analysts expect that Fidelity National Information Servcs Inc will post 5.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, September 10th. Fidelity National Information Servcs’s payout ratio is currently 24.96%.

Several brokerages have recently weighed in on FIS. Wells Fargo & Company increased their price objective on shares of Fidelity National Information Servcs from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. TheStreet upgraded shares of Fidelity National Information Servcs from a “c+” rating to a “b-” rating in a research note on Wednesday, June 3rd. Argus began coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, July 14th. They issued a “buy” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Servcs from $154.00 to $168.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Finally, Goldman Sachs Group assumed coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, July 14th. They issued a “buy” rating and a $164.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Fidelity National Information Servcs presently has a consensus rating of “Buy” and an average target price of $161.88.

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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