Trade Report: Today, UBS Asset Management Americas Inc. decides to keep it stake in Fidelity National Information Services Inc. (FIS) to the level of $88,283,000

Today, UBS Asset Management Americas Inc. decides to keep it stake in Fidelity National Information Services Inc. (FIS) to the level of $88,283,000

UBS Asset Management Americas Inc. boosted its stake in shares of Fidelity National Information Services Inc. (NYSE:FIS) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,146,090 shares of the company’s stock after buying an additional 28,515 shares during the period. UBS Asset Management Americas Inc.’s holdings in Fidelity National Information Services were worth $88,283,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FIS. LPL Financial LLC raised its stake in Fidelity National Information Services by 1.2% in the first quarter. LPL Financial LLC now owns 20,698 shares of the company’s stock valued at $1,313,000 after buying an additional 240 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Fidelity National Information Services by 14.0% in the first quarter. Panagora Asset Management Inc. now owns 57,948 shares of the company’s stock valued at $3,669,000 after buying an additional 7,130 shares in the last quarter. First Republic Investment Management Inc. raised its stake in Fidelity National Information Services by 26.9% in the first quarter. First Republic Investment Management Inc. now owns 27,552 shares of the company’s stock valued at $1,744,000 after buying an additional 5,845 shares in the last quarter. Park National Corp OH purchased a new stake in Fidelity National Information Services during the second quarter valued at approximately $217,000. Finally, British Columbia Investment Management Corp raised its stake in Fidelity National Information Services by 11.4% in the second quarter. British Columbia Investment Management Corp now owns 112,380 shares of the company’s stock valued at $8,280,000 after buying an additional 11,470 shares in the last quarter. Institutional investors own 86.33% of the company’s stock.

Shares of Fidelity National Information Services Inc. (NYSE:FIS) opened at 78.67 on Tuesday. Fidelity National Information Services Inc. has a 12 month low of $55.11 and a 12 month high of $81.67. The firm has a market capitalization of $25.82 billion, a PE ratio of 54.48 and a beta of 0.88. The firm’s 50 day moving average is $76.19 and its 200-day moving average is $76.44.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Fidelity National Information Services had a net margin of 5.38% and a return on equity of 12.15%. The firm’s revenue was up 46.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 EPS. On average, analysts expect that Fidelity National Information Services Inc. will post $3.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. Fidelity National Information Services’s payout ratio is 71.72%.

FIS has been the topic of several analyst reports. Zacks Investment Research lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Wedbush initiated coverage on shares of Fidelity National Information Services in a research report on Thursday, September 8th. They set an “outperform” rating and a $92.00 price target on the stock. Barclays PLC raised their price target on shares of Fidelity National Information Services from $88.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, September 26th. Cantor Fitzgerald assumed coverage on shares of Fidelity National Information Services in a report on Friday, October 7th. They set a “buy” rating and a $89.00 price objective on the stock. Finally, Pacific Crest assumed coverage on shares of Fidelity National Information Services in a report on Friday, November 18th. They set an “overweight” rating and a $86.00 price objective on the stock. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $85.80.

In related news, Director James B. Stallings, Jr. sold 10,487 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $76.99, for a total value of $807,394.13. Following the sale, the director now directly owns 19,858 shares of the company’s stock, valued at approximately $1,528,867.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Gregory G. Montana sold 1,488 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $74.90, for a total transaction of $111,451.20. Following the completion of the sale, the executive vice president now directly owns 17,355 shares in the company, valued at $1,299,889.50. The disclosure for this sale can be found here. 2.29% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

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