Summit Securities Group Decreased Position in Kinder Morgan Del (Call) (KMI) by $404.43 Million as Market Value Declined; Everence Capital Management Has Cut Fidelity National Informatn Svcs Ord (FIS) Stake by $357,764 as Market Value Rose

April 20, 2018 - By Darrin Black

Fidelity National Information Services, Inc. (NYSE:FIS) Logo

Summit Securities Group Llc decreased its stake in Kinder Morgan Inc Del (Call) (KMI) by 65.74% based on its latest 2017Q4 regulatory filing with the SEC. Summit Securities Group Llc sold 32,014 shares as the company’s stock declined 16.40% with the market. The institutional investor held 16,686 shares of the public utilities company at the end of 2017Q4, valued at $210.81M, down from 48,700 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in Kinder Morgan Inc Del (Call) for a number of months, seems to be less bullish one the $36.49 billion market cap company. The stock increased 2.29% or $0.37 during the last trading session, reaching $16.54. About 21.27M shares traded or 25.13% up from the average. Kinder Morgan, Inc. (NYSE:KMI) has declined 28.25% since April 20, 2017 and is downtrending. It has underperformed by 39.80% the S&P500.

Everence Capital Management Inc decreased its stake in Fidelity National Informatn Svcs Ord (FIS) by 46.18% based on its latest 2017Q4 regulatory filing with the SEC. Everence Capital Management Inc sold 3,806 shares as the company’s stock rose 0.38% while stock markets declined. The institutional investor held 4,435 shares of the miscellaneous company at the end of 2017Q4, valued at $417,000, down from 8,241 at the end of the previous reported quarter. Everence Capital Management Inc who had been investing in Fidelity National Informatn Svcs Ord for a number of months, seems to be less bullish one the $32.14B market cap company. The stock decreased 0.48% or $0.47 during the last trading session, reaching $97.06. About 908,693 shares traded. Fidelity National Information Services, Inc. (NYSE:FIS) has risen 17.75% since April 20, 2017 and is uptrending. It has outperformed by 6.20% the S&P500.

Since December 15, 2017, it had 0 insider purchases, and 7 selling transactions for $87.77 million activity. Shares for $8.76M were sold by Woodall James W. on Wednesday, March 14. JAMES STEPHAN A sold $341,545 worth of stock. HUNT DAVID K sold $1.61 million worth of stock.

Among 24 analysts covering Fidelity National Information Services (NYSE:FIS), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Fidelity National Information Services had 66 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, September 11 by SunTrust. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) earned “Outperform” rating by Robert W. Baird on Wednesday, January 24. On Monday, September 26 the stock rating was maintained by Barclays Capital with “Overweight”. The company was initiated on Friday, October 7 by Cantor Fitzgerald. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 6. The stock of Fidelity National Information Services, Inc. (NYSE:FIS) earned “Overweight” rating by JP Morgan on Wednesday, November 1. The company was maintained on Thursday, August 3 by BMO Capital Markets. As per Friday, November 18, the company rating was initiated by Pacific Crest. On Tuesday, March 28 the stock rating was downgraded by Goldman Sachs to “Neutral”. The firm has “Buy” rating by Sterne Agee CRT given on Wednesday, May 11.

Analysts await Fidelity National Information Services, Inc. (NYSE:FIS) to report earnings on May, 1 before the open. They expect $1.05 EPS, up 22.09% or $0.19 from last year’s $0.86 per share. FIS’s profit will be $347.74M for 23.11 P/E if the $1.05 EPS becomes a reality. After $1.36 actual EPS reported by Fidelity National Information Services, Inc. for the previous quarter, Wall Street now forecasts -22.79% negative EPS growth.

Everence Capital Management Inc, which manages about $871.54M and $456.02 million US Long portfolio, upped its stake in Alphabet Cl C Ord by 4,285 shares to 9,821 shares, valued at $10.28M in 2017Q4, according to the filing. It also increased its holding in Intuitive Surgical Ord (NASDAQ:ISRG) by 1,774 shares in the quarter, for a total of 2,661 shares, and has risen its stake in Illinois Tool Ord (NYSE:ITW).

Investors sentiment increased to 1.11 in Q4 2017. Its up 0.04, from 1.07 in 2017Q3. It improved, as 33 investors sold FIS shares while 191 reduced holdings. 72 funds opened positions while 177 raised stakes. 281.01 million shares or 1.76% less from 286.04 million shares in 2017Q3 were reported. Moreover, Pictet North America Advsrs has 0.05% invested in Fidelity National Information Services, Inc. (NYSE:FIS). 3,870 were accumulated by Bank & Trust Of The West. Trust Department Mb Bancshares N A has invested 0% in Fidelity National Information Services, Inc. (NYSE:FIS). Country Trust National Bank holds 0% or 45 shares in its portfolio. 160 are owned by Of Vermont. Twin Capital Mngmt owns 10,800 shares. Webster Savings Bank N A holds 633 shares or 0.01% of its portfolio. State Of Alaska Department Of Revenue reported 37,503 shares. Highlander Cap Ltd invested in 0.05% or 709 shares. 91,143 are held by Texas Permanent School Fund. Amundi Pioneer Asset Mngmt reported 349,913 shares. Laffer Invests accumulated 0.57% or 24,015 shares. Jupiter Asset Limited, United Kingdom-based fund reported 116,702 shares. Fincl Counselors owns 0.02% invested in Fidelity National Information Services, Inc. (NYSE:FIS) for 5,637 shares. Eagle Asset Mgmt invested in 0% or 3,550 shares.

Summit Securities Group Llc, which manages about $840.93M US Long portfolio, upped its stake in Carnival Corp (NYSE:CCL) by 7,100 shares to 13,200 shares, valued at $876,000 in 2017Q4, according to the filing. It also increased its holding in Wynn Resorts Ltd (NASDAQ:WYNN) by 4,200 shares in the quarter, for a total of 9,400 shares, and has risen its stake in British Amern Tob Plc (NYSEMKT:BTI).

Kinder Morgan, Inc. (NYSE:KMI) Institutional Positions Chart

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