First Financial Corp IN Buys New Stake in Fidelity National Information Servcs Inc (NYSE:FIS)

First Financial Corp IN bought a new stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 213 shares of the information technology services provider’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Fidelity National Information Servcs by 0.6% in the second quarter. BlackRock Inc. now owns 25,907,690 shares of the information technology services provider’s stock worth $3,178,354,000 after acquiring an additional 154,910 shares during the period. Vanguard Group Inc. raised its position in shares of 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 worth $3,091,089,000 after acquiring an additional 131,170 shares during the period. Longview Partners Guernsey LTD raised its position in shares of 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 worth $1,229,640,000 after acquiring an additional 810,835 shares during the period. JPMorgan Chase & Co. raised its position in shares of 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 worth $908,326,000 after acquiring an additional 126,241 shares during the period. Finally, Morgan Stanley raised its position in shares of Fidelity National Information Servcs by 7.7% in the second quarter. Morgan Stanley now owns 5,660,192 shares of the information technology services provider’s stock worth $694,394,000 after acquiring an additional 403,302 shares during the period. Institutional investors own 92.69% of the company’s stock.

In related news, Director Gary L. Lauer sold 9,981 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $135.77, for a total transaction of $1,355,120.37. Following the completion of the sale, the director now owns 18,621 shares of the company’s stock, valued at approximately $2,528,173.17. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 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. In the last ninety days, insiders have sold 331,737 shares of company stock valued at $44,517,690. 1.43% of the stock is owned by corporate insiders.

FIS has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of Fidelity National Information Servcs in a research report on Monday. They issued a “neutral” rating for the company. Atlantic Securities initiated coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $175.00 price objective for the company. SunTrust Banks set a $135.00 price objective on shares of Fidelity National Information Servcs and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Wednesday, July 3rd. Finally, Cantor Fitzgerald upped their price objective 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. Four research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Fidelity National Information Servcs presently has an average rating of “Buy” and an average price target of $148.53.

FIS stock opened at $131.76 on Thursday. The stock has a market capitalization of $81.43 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.55 and a beta of 0.64. The firm has a 50-day simple moving average of $133.07 and a 200-day simple moving average of $125.44. 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 Inc has a 52 week low of $94.53 and a 52 week high of $141.35.

Fidelity National Information Servcs (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts expect that Fidelity National Information Servcs Inc will post 5.83 earnings per share for the current year.

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.40 annualized dividend and a yield of 1.06%. Fidelity National Information Servcs’s dividend payout ratio is presently 26.77%.

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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