Notable Runner: Institutional Investors Are Crazy About Fidelity National Information Services Inc (NYSE:FIS)

November 28, 2016 - By Marie Mckinney   ·   0 Comments

Notable Runner: Institutional Investors Are Crazy  About Fidelity National Information Services Inc (NYSE:FIS)

Sentiment for Fidelity National Information Services Inc (NYSE:FIS)

Fidelity National Information Services Inc (NYSE:FIS) institutional sentiment increased to 1.32 in 2016 Q2. Its up 0.12, from 1.2 in 2016Q1. The ratio has increased, as 266 investment managers increased and started new holdings, while 221 reduced and sold their stock positions in Fidelity National Information Services Inc. The investment managers in our partner’s database now hold: 280.45 million shares, down from 282.27 million shares in 2016Q1. Also, the number of investment managers holding Fidelity National Information Services Inc in their top 10 holdings increased from 19 to 21 for an increase of 2. Sold All: 49 Reduced: 172 Increased: 192 New Position: 74.

Fidelity National Information Services, Inc. is a financial services technology company. The company has a market cap of $25.77 billion. The Firm 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. It has a 54.4 P/E ratio. The Firm operates through three divisions: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS) and Corporate and Other.

The stock decreased 0.30% or $0.24 on November 25, hitting $78.76. Fidelity National Information Servcs Inc (NYSE:FIS) has risen 19.88% since April 25, 2016 and is uptrending. It has outperformed by 13.86% the S&P500.

Analysts await Fidelity National Information Servcs Inc (NYSE:FIS) to report earnings on February, 14. They expect $1.14 earnings per share, up 22.58% or $0.21 from last year’s $0.93 per share. FIS’s profit will be $373.00M for 17.27 P/E if the $1.14 EPS becomes a reality. After $1.00 actual earnings per share reported by Fidelity National Information Servcs Inc for the previous quarter, Wall Street now forecasts 14.00% EPS growth.

According to Zacks Investment Research, “Certegy Inc. provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to financial institutions and merchants worldwide.”

Sta Wealth Management Llc holds 26.81% of its portfolio in Fidelity National Information Servcs Inc for 1,000 shares. Fidelity National Financial Inc. owns 1.30 million shares or 24.9% of their US portfolio. Moreover, Cantillon Capital Management Llc has 9.36% invested in the company for 7.54 million shares. The Georgia-based Investors Asset Management Of Georgia Inc Ga Adv has invested 8.94% in the stock. Palestra Capital Management Llc, a New York-based fund reported 1.19 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 8 selling transactions for $16.54 million net activity.

Fidelity National Information Servcs Inc (NYSE:FIS) Ratings Coverage

Ratings analysis reveals 94% of Fidelity National Information Services’s analysts are positive. Out of 18 Wall Street analysts rating Fidelity National Information Services, 17 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $70 while the high is $96. The stock’s average target of $82.31 is 4.51% above today’s ($78.76) share price. FIS was included in 26 notes of analysts from August 7, 2015. The rating was upgraded by JP Morgan on Wednesday, December 2 to “Overweight”. The stock has “Buy” rating given by Compass Point on Friday, April 15. Cantor Fitzgerald initiated Fidelity National Information Servcs Inc (NYSE:FIS) on Friday, October 7 with “Buy” rating. The firm earned “Neutral” rating on Thursday, December 17 by Sterne Agee CRT. The company was reinitiated on Tuesday, December 1 by Goldman Sachs. The company was maintained on Monday, October 5 by Monness Crespi & Hardt. The company was upgraded on Monday, May 9 by Jefferies. Oppenheimer maintained it with “Outperform” rating and $80 target price in Thursday, August 13 report. The rating was initiated by Wedbush with “Outperform” on Friday, September 9. On Wednesday, September 30 the stock rating was initiated by Cowen & Co with “Outperform”.

FIS Company Profile

Fidelity National Information Services, Inc. (FIS), incorporated on March 2, 2001, is a financial services technology company. The Firm 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. The Firm operates through three divisions: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS) and Corporate and Other. Through its Capco brand, the Company offers a range of information technology (IT) consulting, advisory and transformational services to financial institutions globally.

Another recent and important Fidelity National Information Servcs Inc (NYSE:FIS) news was published by Prnewswire.com which published an article titled: “IT Services Stocks on Investors’ Radar — Accenture, Fidelity National …” on November 07, 2016.

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By Marie Mckinney


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