British Airways Pensions Investment Management Ltd held its position in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 342,978 shares of the information technology services provider’s stock at the end of the second quarter. British Airways Pensions Investment Management Ltd’s holdings in Fidelity National Information Services were worth $29,273,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Architects Inc raised its position 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 during the period. Guardian Life Insurance Co. of America raised its position 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 during the period. Huntington National Bank raised its position in Fidelity National Information Services by 1.0% in the first quarter. Huntington National Bank now owns 1,950 shares of the information technology services provider’s stock worth $155,000 after buying an additional 20 shares during the period. Private Trust Co. NA raised its position in Fidelity National Information Services by 0.4% in the second quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock worth $425,000 after buying an additional 20 shares during the period. Finally, Ronald Blue & Co. LLC raised its position in Fidelity National Information Services by 0.9% in the first quarter. Ronald Blue & Co. LLC now owns 4,188 shares of the information technology services provider’s stock worth $333,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 86.70% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) opened at 90.37 on Monday. The company has a 50-day moving average price of $87.57 and a 200 day moving average price of $83.41. The stock has a market capitalization of $29.82 billion, a P/E ratio of 45.30 and a beta of 0.84. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $91.90.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. Fidelity National Information Services’s revenue was up 1.6% on a year-over-year basis. Analysts forecast that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 annualized dividend and a yield of 1.28%. Fidelity National Information Services’s payout ratio is presently 58.00%.

Fidelity National Information Services announced that its board has initiated a stock repurchase plan on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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A number of research firms recently weighed in on FIS. Zacks Investment Research lowered Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Barclays PLC reiterated an “overweight” rating and issued a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Thursday. BMO Capital Markets increased their price target on Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $92.20.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 14,498 shares in the company, valued at $1,237,984.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Norcross sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $83.06, for a total value of $20,765,000.00. Following the completion of the sale, the insider now owns 557,699 shares in the company, valued at approximately $46,322,478.94. The disclosure for this sale can be found here. Insiders have sold 479,789 shares of company stock worth $39,879,240 in the last quarter. 2.66% of the stock is currently owned by corporate insiders.

About Fidelity National Information Services

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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