TD Asset Management Inc. raised its stake in Fidelity National Information Servcs Inc (NYSE:FIS) by 39.5% during the second quarter, HoldingsChannel.com reports. The fund owned 594,550 shares of the information technology services provider’s stock after acquiring an additional 168,445 shares during the quarter. TD Asset Management Inc.’s holdings in Fidelity National Information Servcs were worth $72,939,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FIS. O Shaughnessy Asset Management LLC bought a new stake in Fidelity National Information Servcs in the first quarter valued at $29,000. Global Retirement Partners LLC grew its position in Fidelity National Information Servcs by 46.6% in the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 90 shares during the period. Berman Capital Advisors LLC grew its position in Fidelity National Information Servcs by 44.4% in the first quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 96 shares during the period. Liberty Wealth Management LLC bought a new stake in Fidelity National Information Servcs in the first quarter valued at $36,000. Finally, Advisory Alpha LLC bought a new stake in Fidelity National Information Servcs in the first quarter valued at $77,000. Hedge funds and other institutional investors own 93.03% of the company’s stock.

Shares of FIS stock traded down $4.33 during trading hours on Wednesday, hitting $130.52. 141,960 shares of the company’s stock were exchanged, compared to its average volume of 3,623,800. The company has a 50-day moving average price of $129.67. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.67. The firm has a market cap of $42.91 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.90 and a beta of 0.64. Fidelity National Information Servcs Inc has a 52 week low of $94.53 and a 52 week high of $137.24.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, hitting the consensus estimate of $1.78. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.23 earnings per share. As a group, research analysts expect that Fidelity National Information Servcs Inc will post 6.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

In other news, Director James B. Stallings, Jr. sold 1,240 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $122.55, for a total transaction of $151,962.00. Following the transaction, 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 this hyperlink. Also, Director Gary L. Lauer sold 9,981 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $135.77, for a total value of $1,355,120.37. Following the transaction, the director now directly owns 18,621 shares in the company, valued at approximately $2,528,173.17. The disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.

A number of brokerages have weighed in on FIS. ValuEngine cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Bank of America increased their target price on Fidelity National Information Servcs from $139.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Barclays increased their target price on Fidelity National Information Servcs from $340.00 to $370.00 in a report on Friday, July 5th. Citigroup set a $152.00 target price on Fidelity National Information Servcs and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Robert W. Baird increased their target price on Fidelity National Information Servcs from $134.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $156.00.

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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