Barrett Asset Management LLC increased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248,315 shares of the information technology services provider’s stock after buying an additional 2,465 shares during the period. Fidelity National Information Services accounts for 1.6% of Barrett Asset Management LLC’s holdings, making the stock its 23rd largest position. Barrett Asset Management LLC’s holdings in Fidelity National Information Services were worth $21,206,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Advisor Partners LLC increased its stake in Fidelity National Information Services by 3.3% in the second quarter. Advisor Partners LLC now owns 5,787 shares of the information technology services provider’s stock worth $494,000 after buying an additional 183 shares during the period. Pictet Asset Management Ltd. increased its position in Fidelity National Information Services by 25.4% in the second quarter. Pictet Asset Management Ltd. now owns 1,811,557 shares of the information technology services provider’s stock valued at $155,558,000 after buying an additional 366,800 shares during the last quarter. Retirement Systems of Alabama increased its position 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 during the last quarter. IFP Advisors Inc increased its position 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 during the last quarter. Finally, Korea Investment CORP increased its position 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 during the last quarter. Institutional investors and hedge funds own 86.70% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 90.55 on Tuesday. The firm’s 50-day moving average is $87.57 and its 200 day moving average is $83.41. The company has a market capitalization of $29.88 billion, a price-to-earnings ratio of 45.39 and a beta of 0.84. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month 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 Thomson Reuters’ consensus estimate of $0.97 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS. Equities analysts expect 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 initiated a share repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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

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Several research firms have recently weighed in on FIS. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BMO Capital Markets lifted their target price on shares of 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. Barclays PLC reiterated an “overweight” rating and issued a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Fidelity National Information Services 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 stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $85.39, for a total transaction of $85,390.00. Following the completion of the sale, the director now directly owns 14,498 shares of the company’s stock, valued at approximately $1,237,984.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James B. Stallings, Jr. sold 2,181 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.32, for a total transaction of $196,987.92. Following the sale, the director now directly owns 12,317 shares of the company’s stock, valued at $1,112,471.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 231,970 shares of company stock valued at $19,311,228. Insiders own 2.66% of the company’s stock.

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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