Bank of Nova Scotia decreased its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 85.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,024 shares of the information technology services provider’s stock after selling 206,297 shares during the quarter. Bank of Nova Scotia’s holdings in Fidelity National Information Servcs were worth $3,820,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fort L.P. acquired a new position in shares of Fidelity National Information Servcs in the second quarter valued at approximately $121,000. Rational Advisors LLC grew its position in shares of Fidelity National Information Servcs by 1,676.5% in the second quarter. Rational Advisors LLC now owns 1,439 shares of the information technology services provider’s stock valued at $153,000 after purchasing an additional 1,358 shares during the last quarter. Cerebellum GP LLC grew its position in shares of Fidelity National Information Servcs by 133.6% in the second quarter. Cerebellum GP LLC now owns 1,696 shares of the information technology services provider’s stock valued at $180,000 after purchasing an additional 970 shares during the last quarter. Edge Wealth Management LLC acquired a new position in shares of Fidelity National Information Servcs in the second quarter valued at approximately $180,000. Finally, Thompson Investment Management Inc. acquired a new position in shares of Fidelity National Information Servcs in the second quarter valued at approximately $202,000. 88.01% of the stock is currently owned by institutional investors.

Several research firms have recently commented on FIS. ValuEngine downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Wolfe Research began coverage on Fidelity National Information Servcs in a research report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Cantor Fitzgerald increased their price target on Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $114.55.

In other Fidelity National Information Servcs news, Director David K. Hunt sold 17,922 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $106.38, for a total value of $1,906,542.36. Following the sale, the director now owns 24,989 shares of the company’s stock, valued at approximately $2,658,329.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephan A. James sold 23,922 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total value of $2,606,780.34. Following the completion of the sale, the director now directly owns 41,585 shares in the company, valued at approximately $4,531,517.45. The disclosure for this sale can be found here. Insiders have sold 46,129 shares of company stock worth $4,967,533 in the last three months. 2.08% of the stock is currently owned by company insiders.

Shares of NYSE:FIS opened at $110.58 on Monday. The company has a market cap of $36.36 billion, a P/E ratio of 22.75, a P/E/G ratio of 1.76 and a beta of 0.94. Fidelity National Information Servcs Inc has a 1 year low of $89.31 and a 1 year high of $110.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 1.38.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly 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 business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.12 billion. Fidelity National Information Servcs had a return on equity of 15.42% and a net margin of 16.59%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. analysts anticipate that Fidelity National Information Servcs Inc will post 5.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Thursday, September 13th. Fidelity National Information Servcs’s dividend payout ratio is currently 28.96%.

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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