TD Asset Management Inc. decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 938,300 shares of the information technology services provider’s stock after selling 126,984 shares during the period. TD Asset Management Inc.’s holdings in Fidelity National Information Services were worth $80,131,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. raised its position in shares of Fidelity National Information Services by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 287,043 shares of the information technology services provider’s stock worth $22,855,000 after buying an additional 9,339 shares in the last quarter. Creative Planning raised its position in shares of Fidelity National Information Services by 7.1% in the first quarter. Creative Planning now owns 36,695 shares of the information technology services provider’s stock worth $2,922,000 after buying an additional 2,440 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Fidelity National Information Services by 3.8% in the first quarter. Quadrant Capital Group LLC now owns 2,241 shares of the information technology services provider’s stock worth $174,000 after buying an additional 83 shares in the last quarter. National Pension Service raised its position in shares of Fidelity National Information Services by 10.0% in the first quarter. National Pension Service now owns 263,688 shares of the information technology services provider’s stock worth $21,108,000 after buying an additional 23,897 shares in the last quarter. Finally, Legacy Private Trust Co. raised its position in shares of Fidelity National Information Services by 5.0% in the first quarter. Legacy Private Trust Co. now owns 3,252 shares of the information technology services provider’s stock worth $259,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 86.70% of the company’s stock.

Fidelity National Information Services, Inc. (FIS) opened at 90.55 on Tuesday. The company has a market cap 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 52-week low of $73.25 and a 52-week high of $91.90. The firm’s 50-day moving average is $87.57 and its 200 day moving average is $83.41.

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 Zacks’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

Fidelity National Information Services announced that its board has initiated a share buyback program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the information technology services provider to reacquire up to 13.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend yield of 1.28%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s payout ratio is 58.00%.

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FIS has been the subject of a number of research reports. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Credit Suisse Group restated a “buy” rating and set a $88.00 target price on shares of Fidelity National Information Services in a research report on Thursday, April 27th. Cantor Fitzgerald restated a “buy” rating and set a $89.00 target price on shares of Fidelity National Information Services in a research report on Tuesday, May 2nd. Compass Point lowered shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $86.00 to $83.00 in a research report on Wednesday, May 3rd. Finally, Deutsche Bank AG restated a “hold” rating and set a $89.00 target price (up previously from $80.00) on shares of Fidelity National Information Services in a research report on Wednesday, May 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Fidelity National Information Services has a consensus rating of “Buy” and a consensus price target of $92.20.

In other news, Director James B. Stallings, Jr. sold 2,181 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 12,317 shares of the company’s stock, valued at $1,112,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James W. Woodall sold 70,667 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $83.02, for a total transaction of $5,866,774.34. Following the sale, the executive vice president now directly owns 133,509 shares of the company’s stock, valued at approximately $11,083,917.18. The disclosure for this sale can be found here. Insiders have sold 231,970 shares of company stock valued at $19,311,228 in the last ninety days. 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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