ETF Managers Group LLC Has $49.67 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

ETF Managers Group LLC lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 451,538 shares of the information technology services provider’s stock after selling 37,727 shares during the period. Fidelity National Information Services comprises 1.0% of ETF Managers Group LLC’s holdings, making the stock its 24th largest holding. ETF Managers Group LLC owned 0.07% of Fidelity National Information Services worth $49,665,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Great Lakes Advisors LLC grew its holdings in shares of Fidelity National Information Services by 4.2% during the fourth quarter. Great Lakes Advisors LLC now owns 2,184 shares of the information technology services provider’s stock valued at $238,000 after buying an additional 88 shares during the last quarter. Annex Advisory Services LLC lifted its position in shares of Fidelity National Information Services by 0.7% during the fourth quarter. Annex Advisory Services LLC now owns 13,110 shares of the information technology services provider’s stock valued at $1,431,000 after purchasing an additional 90 shares in the last quarter. AllSquare Wealth Management LLC lifted its position in shares of Fidelity National Information Services by 28.3% during the third quarter. AllSquare Wealth Management LLC now owns 431 shares of the information technology services provider’s stock valued at $52,000 after purchasing an additional 95 shares in the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of Fidelity National Information Services by 0.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 10,253 shares of the information technology services provider’s stock valued at $1,119,000 after purchasing an additional 95 shares in the last quarter. Finally, Summit Global Investments lifted its position in shares of Fidelity National Information Services by 4.4% during the fourth quarter. Summit Global Investments now owns 2,857 shares of the information technology services provider’s stock valued at $312,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 89.51% of the company’s stock.

NYSE:FIS traded up $2.81 during mid-day trading on Thursday, hitting $104.20. 2,947,407 shares of the stock traded hands, compared to its average volume of 3,982,914. The business’s 50-day moving average price is $99.49 and its 200 day moving average price is $104.59. The company has a market cap of $63.64 billion, a PE ratio of 70.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.70. Fidelity National Information Services, Inc. has a 12-month low of $85.00 and a 12-month high of $152.20. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.30.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The information technology services provider reported $1.47 EPS for the quarter, beating the consensus estimate of $1.46 by $0.01. Fidelity National Information Services had a net margin of 6.43% and a return on equity of 8.76%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the company earned $1.30 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts anticipate that Fidelity National Information Services, Inc. will post 7.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.88 dividend on an annualized basis and a yield of 1.80%. Fidelity National Information Services’s dividend payout ratio is presently 127.03%.

FIS has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, May 17th. They set a “buy” rating and a $128.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 15th. Citigroup lowered their price objective on shares of Fidelity National Information Services from $138.00 to $130.00 in a research report on Monday, April 25th. Mizuho lowered their price objective on shares of Fidelity National Information Services from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Finally, Credit Suisse Group lowered their price objective on shares of Fidelity National Information Services from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 16th. Four equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Buy” and a consensus price target of $136.96.

Fidelity National Information Services Company Profile (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

Further Reading

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

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