Advisor Partners LLC raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% during the second quarter, Holdings Channel reports. The fund owned 5,787 shares of the information technology services provider’s stock after buying an additional 183 shares during the period. Advisor Partners LLC’s holdings in Fidelity National Information Services were worth $494,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FIS. National Pension Service raised its stake in 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 during the last quarter. Private Trust Co. NA raised its stake in Fidelity National Information Services by 18.6% in the first quarter. Private Trust Co. NA now owns 4,966 shares of the information technology services provider’s stock worth $395,000 after buying an additional 778 shares during the last quarter. Barometer Capital Management Inc. acquired a new stake in Fidelity National Information Services during the first quarter worth $637,000. Achmea Investment Management B.V. acquired a new stake in Fidelity National Information Services during the first quarter worth $225,000. Finally, Neuburgh Advisers LLC raised its stake in Fidelity National Information Services by 4.6% in the first quarter. Neuburgh Advisers LLC now owns 51,680 shares of the information technology services provider’s stock worth $4,115,000 after buying an additional 2,278 shares during the last quarter. 86.70% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services, Inc. (FIS) opened at 89.99 on Wednesday. The company has a market capitalization of $29.70 billion, a price-to-earnings ratio of 45.11 and a beta of 0.84. The company’s 50-day moving average is $87.99 and its 200 day moving average is $83.57. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $92.78.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping the 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 58.00%.

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

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FIS has been the topic of a number of research reports. BidaskClub lowered shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Deutsche Bank AG reissued a “hold” rating and set a $89.00 target price (up from $80.00) on shares of Fidelity National Information Services in a report on Wednesday, May 3rd. Barclays PLC reissued a “buy” rating and set a $94.00 target price on shares of Fidelity National Information Services in a report on Monday, May 15th. Finally, Cowen and Company reissued an “outperform” rating and set a $92.00 target price (up from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Fidelity National Information Services has an average rating of “Buy” and an average target price of $92.20.

In related news, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services stock in a transaction on Friday, August 4th. The shares were sold at an average price of $90.32, for a total value of $196,987.92. Following the sale, the director now owns 12,317 shares in the company, valued at $1,112,471.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction on Monday, August 7th. The shares were sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the completion of the sale, the director now owns 202,517 shares in the company, valued at approximately $18,295,385.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 403,181 shares of company stock worth $36,418,378. 2.66% of the stock is currently owned by company 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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