Tiemann Investment Advisors LLC bought a new stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,325 shares of the information technology services provider’s stock, valued at approximately $217,000.

A number of other hedge funds have also modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in Fidelity National Information Servcs during the 3rd quarter valued at $363,000. Point72 Asset Management L.P. bought a new stake in Fidelity National Information Servcs during the 3rd quarter valued at $2,802,000. Beacon Investment Advisory Services Inc. bought a new stake in Fidelity National Information Servcs during the 3rd quarter valued at $268,000. Zions Bancorporation raised its holdings in Fidelity National Information Servcs by 5.3% during the 3rd quarter. Zions Bancorporation now owns 11,316 shares of the information technology services provider’s stock valued at $1,057,000 after acquiring an additional 570 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Fidelity National Information Servcs by 1.8% during the 3rd quarter. Janus Henderson Group PLC now owns 4,581,602 shares of the information technology services provider’s stock valued at $427,869,000 after acquiring an additional 80,633 shares during the period. 87.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fidelity National Information Servcs Inc (FIS) traded down $0.02 during trading hours on Monday, reaching $95.85. 1,683,500 shares of the company traded hands, compared to its average volume of 1,526,252. Fidelity National Information Servcs Inc has a one year low of $74.98 and a one year high of $96.67. The stock has a market capitalization of $32,001.29, a price-to-earnings ratio of 22.82, a PEG ratio of 1.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.12. Fidelity National Information Servcs had a net margin of 5.82% and a return on equity of 14.05%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. equities analysts predict that Fidelity National Information Servcs Inc will post 4.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 annualized dividend and a yield of 1.21%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 71.60%.

In related news, EVP Gregory G. Montana sold 58,547 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $92.54, for a total value of $5,417,939.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James B. Stallings, Jr. sold 8,486 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $91.87, for a total transaction of $779,608.82. Following the completion of the transaction, the director now owns 12,317 shares of the company’s stock, valued at $1,131,562.79. The disclosure for this sale can be found here. 2.66% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on FIS shares. BidaskClub raised shares of Fidelity National Information Servcs from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Robert W. Baird restated a “buy” rating and set a $102.00 price target on shares of Fidelity National Information Servcs in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Tuesday, October 3rd. Barclays boosted their price target on shares of Fidelity National Information Servcs from $102.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Finally, Credit Suisse Group restated an “outperform” rating and set a $108.00 price target (up from $100.00) on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $99.20.

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Fidelity National Information Servcs Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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

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