Cumberland Partners Ltd Invests $1.60 Million in Fidelity National Information Servcs Inc (NYSE:FIS)

Cumberland Partners Ltd acquired a new position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,125 shares of the information technology services provider’s stock, valued at approximately $1,597,000.

Several other institutional investors also recently made changes to their positions in the company. PCJ Investment Counsel Ltd. raised its stake in shares of Fidelity National Information Servcs by 50.0% during the 1st quarter. PCJ Investment Counsel Ltd. now owns 15,000 shares of the information technology services provider’s stock worth $1,825,000 after purchasing an additional 5,000 shares in the last quarter. JustInvest LLC bought a new stake in shares of Fidelity National Information Servcs during the 1st quarter worth approximately $303,000. Ninety One SA PTY Ltd bought a new stake in shares of Fidelity National Information Servcs during the 1st quarter worth approximately $1,854,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Fidelity National Information Servcs during the 1st quarter worth approximately $611,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Fidelity National Information Servcs by 39.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 463,228 shares of the information technology services provider’s stock worth $56,347,000 after purchasing an additional 131,417 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

In other Fidelity National Information Servcs news, COO Stephanie Ferris sold 6,582 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $138.91, for a total value of $914,305.62. Following the completion of the sale, the chief operating officer now owns 6,991 shares of the company’s stock, valued at $971,119.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Shares of FIS stock traded up $0.61 on Wednesday, hitting $139.57. The company had a trading volume of 3,265,359 shares, compared to its average volume of 3,601,127. The firm has a market cap of $85.73 billion, a P/E ratio of 266.85, a P/E/G ratio of 1.90 and a beta of 0.68. The stock’s 50-day moving average is $130.32 and its two-hundred day moving average is $135.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.05. Fidelity National Information Servcs Inc has a twelve month low of $91.68 and a twelve month high of $158.21.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. Fidelity National Information Servcs had a return on equity of 7.89% and a net margin of 1.45%. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The company’s revenue for the quarter was up 49.6% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Servcs Inc will post 5.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.35 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.40 dividend on an annualized basis and a yield of 1.00%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 24.96%.

A number of research analysts recently weighed in on FIS shares. Citigroup decreased their target price on Fidelity National Information Servcs from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Cantor Fitzgerald boosted their target price on Fidelity National Information Servcs from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on Fidelity National Information Servcs from $136.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods boosted their target price on Fidelity National Information Servcs from $142.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Canaccord Genuity reissued a “buy” rating and set a $178.00 target price (up from $151.00) on shares of Fidelity National Information Servcs in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $152.38.

About Fidelity National Information Servcs

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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