Prudential Financial Inc. raised its position in Fidelity National Information Services Inc. (NYSE:FIS) by 16.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,076 shares of the company’s stock after buying an additional 56,000 shares during the period. Prudential Financial Inc. owned about 0.12% of Fidelity National Information Services worth $29,329,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in Fidelity National Information Services during the second quarter worth approximately $219,000. Legacy Capital Partners Inc. acquired a new stake in Fidelity National Information Services during the second quarter worth approximately $210,000. Eaton Vance Management raised its stake in Fidelity National Information Services by 0.9% in the second quarter. Eaton Vance Management now owns 246,388 shares of the company’s stock worth $18,154,000 after buying an additional 2,081 shares in the last quarter. Financial Counselors Inc. raised its stake in Fidelity National Information Services by 1.7% in the second quarter. Financial Counselors Inc. now owns 6,351 shares of the company’s stock worth $468,000 after buying an additional 104 shares in the last quarter. Finally, Carleon Capital Partners LLC acquired a new stake in Fidelity National Information Services during the second quarter worth approximately $442,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Shares of Fidelity National Information Services Inc. (NYSE:FIS) traded up 0.09% on Thursday, reaching $77.19. 246,758 shares of the company were exchanged. The firm has a market capitalization of $25.30 billion, a PE ratio of 52.76 and a beta of 0.92. The company’s 50 day moving average is $78.79 and its 200 day moving average is $72.52. Fidelity National Information Services Inc. has a 12-month low of $55.11 and a 12-month high of $81.67.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Fidelity National Information Services had a net margin of 5.75% and a return on equity of 12.37%. The business’s quarterly revenue was up 49.0% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. Analysts forecast that Fidelity National Information Services Inc. will post $3.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, September 14th. Fidelity National Information Services’s payout ratio is 68.87%.

A number of research firms have commented on FIS. Wedbush began coverage on shares of Fidelity National Information Services in a report on Thursday, September 8th. They set an “outperform” rating and a $92.00 target price for the company. Zacks Investment Research lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. RBC Capital Markets reissued an “outperform” rating and issued a $89.00 price target (up previously from $80.00) on shares of Fidelity National Information Services in a report on Wednesday, July 27th. JPMorgan Chase & Co. boosted their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. boosted their price target on shares of Fidelity National Information Services from $79.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $85.21.

In other Fidelity National Information Services news, Director Keith W. Hughes sold 10,133 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $80.05, for a total value of $811,146.65. Following the completion of the sale, the director now directly owns 33,158 shares in the company, valued at $2,654,297.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anthony M. Jabbour sold 145,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $75.89, for a total transaction of $11,004,050.00. Following the completion of the sale, the chief operating officer now owns 301,754 shares of the company’s stock, valued at $22,900,111.06. The disclosure for this sale can be found here. 2.29% of the stock is currently owned by company insiders.

About Fidelity National Information Services

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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