State Treasurer State of Michigan boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,306 shares of the information technology services provider’s stock after buying an additional 700 shares during the period. State Treasurer State of Michigan’s holdings in Fidelity National Information Services were worth $10,530,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its stake in Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock worth $101,000 after buying an additional 9 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its stake in Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock worth $104,000 after buying an additional 45 shares in the last quarter. Financial Architects Inc increased its stake in Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock worth $106,000 after buying an additional 9 shares in the last quarter. North Star Investment Management Corp. increased its stake in Fidelity National Information Services by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock worth $116,000 after buying an additional 75 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Fidelity National Information Services during the first quarter worth $142,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) traded up 0.106% during trading on Friday, hitting $89.905. The company had a trading volume of 291,284 shares. The firm has a market capitalization of $29.72 billion, a P/E ratio of 45.893 and a beta of 0.83. The company’s 50 day moving average is $86.49 and its 200 day moving average is $82.62. Fidelity National Information Services, Inc. has a 1-year low of $73.25 and a 1-year high of $90.27.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.04. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Fidelity National Information Services had a return on equity of 13.14% and a net margin of 6.99%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. Analysts anticipate that Fidelity National Information Services, Inc. will post $4.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. Fidelity National Information Services’s dividend payout ratio is currently 58.88%.

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FIS has been the subject of a number of recent analyst reports. BidaskClub raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $89.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $88.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, April 27th. Guggenheim assumed coverage on shares of Fidelity National Information Services in a research report on Thursday, March 30th. They set a “buy” rating and a $90.00 price objective for the company. Finally, Barclays PLC reaffirmed a “buy” rating and set a $94.00 price objective on shares of Fidelity National Information Services in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $89.67.

In other news, insider Gary Norcross sold 158,122 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $83.24, for a total value of $13,162,075.28. Following the sale, the insider now directly owns 465,821 shares of the company’s stock, valued at $38,774,940.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James B. Stallings, Jr. sold 1,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $85.39, for a total value of $85,390.00. Following the completion of the sale, the director now directly owns 14,498 shares in the company, valued at $1,237,984.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 746,501 shares of company stock worth $61,960,326. Insiders own 2.66% of the company’s stock.

Fidelity National Information Services 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.

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

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