Aberdeen Asset Management PLC UK boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 18.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,420 shares of the information technology services provider’s stock after acquiring an additional 14,397 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Fidelity National Information Services were worth $7,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. AXA increased its stake in Fidelity National Information Services by 1.6% in the 2nd quarter. AXA now owns 25,863 shares of the information technology services provider’s stock worth $2,208,000 after acquiring an additional 400 shares during the last quarter. Wells Fargo & Company MN increased its stake in Fidelity National Information Services by 4.8% in the 2nd quarter. Wells Fargo & Company MN now owns 5,380,794 shares of the information technology services provider’s stock worth $459,519,000 after acquiring an additional 245,431 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in Fidelity National Information Services in the 2nd quarter worth about $204,000. Polaris Greystone Financial Group LLC increased its stake in Fidelity National Information Services by 1.7% in the 2nd quarter. Polaris Greystone Financial Group LLC now owns 229,356 shares of the information technology services provider’s stock worth $19,587,000 after acquiring an additional 3,867 shares during the last quarter. Finally, Calamos Wealth Management LLC increased its stake in Fidelity National Information Services by 0.4% in the 2nd quarter. Calamos Wealth Management LLC now owns 12,073 shares of the information technology services provider’s stock worth $1,031,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

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Fidelity National Information Services, Inc. (NYSE FIS) opened at 92.42 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $93.73. The firm has a market capitalization of $30.72 billion, a P/E ratio of 46.33 and a beta of 0.84. The stock’s 50 day moving average price is $91.19 and its 200-day moving average price is $85.68.

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, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The business had revenue of $2.34 billion during 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.

The company 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 58.00%.

Fidelity National Information Services announced that its board has initiated a stock buyback program on Wednesday, August 2nd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

FIS has been the subject of a number of research reports. Zacks Investment Research cut Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, July 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $94.00 price objective (up from $92.00) on shares of Fidelity National Information Services in a report on Friday, June 16th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $92.00 price objective (up from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $92.87.

In other news, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Services stock in a transaction on Friday, September 8th. The shares were sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at approximately $26,109,156.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the sale, the director now directly owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 520,549 shares of company stock valued at $47,224,679. Corporate 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.

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

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