Bbva Compass Bancshares Inc. boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.2% during the second quarter, Holdings Channel reports. The fund owned 2,303 shares of the information technology services provider’s stock after buying an additional 114 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Fidelity National Information Services were worth $197,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its stake 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 valued at $101,000 after buying an additional 9 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its stake 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 valued at $104,000 after buying an additional 45 shares during the last quarter. Financial Architects Inc raised its stake 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 valued at $106,000 after buying an additional 9 shares during the last quarter. North Star Investment Management Corp. raised its stake 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 valued at $116,000 after buying an additional 75 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Fidelity National Information Services during the first quarter valued at $142,000. 86.70% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services, Inc. (NYSE:FIS) opened at 89.26 on Friday. The company has a market cap of $29.67 billion, a price-to-earnings ratio of 44.74 and a beta of 0.84. The stock has a 50 day moving average of $88.52 and a 200 day moving average of $83.87. 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 released its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. Equities research analysts predict that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

The company also recently declared 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 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend 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 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 repurchase up to 13.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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FIS has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 target price on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $89.00 target price on shares of Fidelity National Information Services in a report on Tuesday, May 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $88.00 target price on shares of Fidelity National Information Services in a report on Thursday, April 27th. BidaskClub raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $94.00 target price on shares of Fidelity National Information Services in a report on Monday, May 15th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $92.20.

In other news, Director James B. Stallings, Jr. sold 1,000 shares of the business’s 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 sale, the director now directly owns 14,498 shares in the company, valued at $1,237,984.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 2,181 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 403,181 shares of company stock worth $36,418,378. Company 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.

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

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