Pettee Investors Inc. held its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,020 shares of the information technology services provider’s stock at the end of the second quarter. Pettee Investors Inc.’s holdings in Fidelity National Information Services were worth $429,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. 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 last quarter. Morgan Dempsey Capital Management LLC raised its position in Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock worth $104,000 after buying an additional 45 shares during the last quarter. 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 last quarter. IFP Advisors Inc raised 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 worth $112,000 after buying an additional 84 shares during the last quarter. Finally, North Star Investment Management Corp. raised its position in Fidelity National Information Services by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock worth $116,000 after buying an additional 75 shares during the last quarter. 86.70% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services, Inc. (FIS) opened at 89.99 on Wednesday. The stock has a market cap of $29.70 billion, a P/E ratio of 45.11 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 $92.78. The stock has a 50 day moving average price of $87.99 and a 200 day moving average price of $83.57.

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

Fidelity National Information Services announced that its board has authorized a share buyback program on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is 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 given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio is 58.00%.

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A number of research firms have recently commented on FIS. Barclays PLC reaffirmed an “overweight” rating and issued a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a report on Wednesday. BidaskClub downgraded Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets increased their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a “buy” rating and issued a $97.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Finally, Stephens reiterated a “positive” rating and issued a $101.00 price objective (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $92.20.

In related news, Director Frank R. Martire sold 400,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the sale, the director now directly owns 202,517 shares of the company’s stock, valued at approximately $18,295,385.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the stock in a transaction dated Friday, May 26th. The stock was 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 in the company, valued at $1,237,984.22. The disclosure for this sale can be found here. Insiders have sold a total of 403,181 shares of company stock worth $36,418,378 over the last 90 days. Corporate insiders own 2.66% of the company’s stock.

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.

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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