AT Bancorp decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 29.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,457 shares of the information technology services provider’s stock after selling 3,498 shares during the period. AT Bancorp’s holdings in Fidelity National Information Services were worth $722,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Retirement Systems of Alabama increased its stake in Fidelity National Information Services by 0.9% in the second quarter. Retirement Systems of Alabama now owns 160,285 shares of the information technology services provider’s stock valued at $13,688,000 after buying an additional 1,358 shares in the last quarter. IFP Advisors Inc increased its stake in Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 84 shares in the last quarter. Korea Investment CORP increased its stake in Fidelity National Information Services by 17.6% in the second quarter. Korea Investment CORP now owns 145,584 shares of the information technology services provider’s stock valued at $12,433,000 after buying an additional 21,789 shares in the last quarter. Enterprise Financial Services Corp increased its stake in Fidelity National Information Services by 110.2% in the second quarter. Enterprise Financial Services Corp now owns 1,940 shares of the information technology services provider’s stock valued at $166,000 after buying an additional 1,017 shares in the last quarter. Finally, Braun Stacey Associates Inc. increased its stake in Fidelity National Information Services by 4.8% in the second quarter. Braun Stacey Associates Inc. now owns 81,597 shares of the information technology services provider’s stock valued at $6,968,000 after buying an additional 3,750 shares in the last quarter. 86.70% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services, Inc. (NYSE FIS) opened at 90.55 on Tuesday. The stock has a market capitalization of $29.88 billion, a P/E ratio of 45.39 and a beta of 0.84. The company has a 50-day moving average price of $87.57 and a 200 day moving average price of $83.41. Fidelity National Information Services, Inc. has a 1-year low of $73.25 and a 1-year high of $91.90.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company earned $0.90 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

Fidelity National Information Services announced that its Board of Directors has approved a stock buyback program on Wednesday, August 2nd that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 13.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The company 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 58.00%.

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Several analysts have commented on the company. BidaskClub downgraded Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Barclays PLC reissued an “overweight” rating and set a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. BMO Capital Markets increased their target price on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and set a $97.00 target price on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Finally, Stephens reissued a “positive” rating and set a $101.00 target price (up from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.20.

In related news, insider Gary Norcross sold 158,122 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $83.24, for a total transaction of $13,162,075.28. Following the sale, the insider now owns 465,821 shares of the company’s stock, valued at $38,774,940.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James W. Woodall sold 70,667 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $83.02, for a total value of $5,866,774.34. Following the sale, the executive vice president now directly owns 133,509 shares in the company, valued at approximately $11,083,917.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 231,970 shares of company stock worth $19,311,228. 2.66% of the stock is owned by corporate insiders.

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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