The Bank of Montreal Can Has $28.537 Million Stake in Fidelity National Information Servcs Inc (FIS)

The Bank of Montreal Can Has $28.537 Million Stake in Fidelity National Information Servcs Inc (FIS)

A number of other institutional investors also recently bought and sold shares of FIS. Bessemer Group Inc. raised its position in Fidelity National Information Servcs by 21.6% in the fourth quarter. Bessemer Group Inc. now owns 1,329 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 236 shares during the period. Financial Architects Inc raised its position in Fidelity National Information Servcs by 30.2% in the third quarter. Financial Architects Inc now owns 1,359 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 315 shares during the period. WFG Advisors LP increased its stake in shares of Fidelity National Information Servcs by 37.2% in the fourth quarter. WFG Advisors LP now owns 1,622 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 440 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Fidelity National Information Servcs during the third quarter valued at about $152,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Fidelity National Information Servcs by 3.8% in the first quarter. Quadrant Capital Group LLC now owns 2,241 shares of the information technology services provider’s stock valued at $174,000 after buying an additional 83 shares in the last quarter. Institutional investors own 87.30% of the company’s stock.

Bank of Montreal Can lowered its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,442 shares of the information technology services provider’s stock after selling 800 shares during the period. Bank of Montreal Can owned 0.11% of Fidelity National Information Servcs worth $28,537,000 at the end of the most recent reporting period.

Shares of Fidelity National Information Servcs Inc (NYSE:FIS) opened at 83.34 on Tuesday. The firm has a market capitalization of $27.55 billion, a P/E ratio of 42.54 and a beta of 0.84. Fidelity National Information Servcs Inc has a 12-month low of $68.03 and a 12-month high of $84.97. The firm’s 50-day moving average price is $81.28 and its 200-day moving average price is $79.03.

Fidelity National Information Servcs (NYSE:FIS) last announced its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. Fidelity National Information Servcs had a net margin of 6.15% and a return on equity of 13.03%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that Fidelity National Information Servcs Inc will post $4.27 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.39%. Fidelity National Information Servcs’s payout ratio is presently 60.12%.

FIS has been the topic of several research analyst reports. Barclays PLC initiated coverage on Fidelity National Information Servcs in a research report on Wednesday, February 8th. They issued an “overweight” rating and a $91.00 price target on the stock. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Fidelity National Information Servcs in a research report on Sunday, January 15th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Servcs in a research report on Tuesday, March 28th. Guggenheim initiated coverage on Fidelity National Information Servcs in a research report on Thursday, March 30th. They issued a “buy” rating and a $90.00 price target on the stock. Finally, Cantor Fitzgerald set a $89.00 price target on Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Tuesday, February 7th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Fidelity National Information Servcs currently has an average rating of “Buy” and an average price target of $87.95. In other Fidelity National Information Servcs news, Director Richard N. Massey sold 15,282 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $81.94, for a total transaction of $1,252,207.08. Following the transaction, the director now owns 78,942 shares in the company, valued at approximately $6,468,507.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frank R. Martire sold 219,017 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $80.02, for a total transaction of $17,525,740.34. Following the transaction, the director now owns 219,272 shares in the company, valued at approximately $17,546,145.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 904,110 shares of company stock worth $73,811,272. Company insiders own 2.29% of the company’s stock.

Fidelity National Information Servcs Company 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.

Receive News & Ratings for Fidelity National Information Servcs Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fidelity National Information Servcs Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment