Rothschild Asset Management Inc. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 6,074 shares of the information technology services provider’s stock after buying an additional 148 shares during the period. Rothschild Asset Management Inc.’s holdings in Fidelity National Information Services were worth $519,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in Fidelity National Information Services by 3,230.2% in the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock valued at $1,674,072,000 after buying an additional 20,394,426 shares during the period. Janus Capital Management LLC raised its stake in Fidelity National Information Services by 23.7% in the first quarter. Janus Capital Management LLC now owns 5,127,324 shares of the information technology services provider’s stock valued at $408,238,000 after buying an additional 983,896 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Fidelity National Information Services by 4.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock valued at $1,462,643,000 after buying an additional 845,325 shares during the period. Vanguard Group Inc. raised its stake in Fidelity National Information Services by 3.5% in the first quarter. Vanguard Group Inc. now owns 21,818,241 shares of the information technology services provider’s stock valued at $1,737,168,000 after buying an additional 745,789 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Fidelity National Information Services by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 4,801,010 shares of the information technology services provider’s stock valued at $382,257,000 after buying an additional 451,197 shares during the period. 86.70% of the stock is currently owned by institutional investors.

Fidelity National Information Services, Inc. (NYSE:FIS) opened at 89.22 on Friday. The stock has a market cap of $29.66 billion, a PE ratio of 44.72 and a beta of 0.84. Fidelity National Information Services, Inc. has a 1-year low of $73.25 and a 1-year high of $92.78. The firm has a 50-day moving average of $88.65 and a 200-day moving average of $83.93.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data 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 company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

The business also recently disclosed 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 1.30%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s payout ratio is currently 58.00%.

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

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FIS has been the topic of several research reports. Zacks Investment Research raised shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Thursday, May 4th. Compass Point cut shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $86.00 to $83.00 in a research note on Wednesday, May 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $89.00 price objective on shares of Fidelity National Information Services in a research note on Tuesday, May 2nd. Barclays PLC reaffirmed a “buy” rating and set a $94.00 price objective on shares of Fidelity National Information Services in a research note on Monday, May 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $88.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, April 27th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Fidelity National Information Services presently has a consensus rating of “Buy” and a consensus price target of $92.20.

In other news, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction that occurred 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 sale, the director now owns 202,517 shares in the company, valued at $18,295,385.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services 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 owns 12,317 shares in the company, valued at approximately $1,112,471.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 403,181 shares of company stock worth $36,418,378. Company 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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