Thrivent Financial For Lutherans reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 95.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 273,930 shares of the information technology services provider’s stock after selling 6,388,200 shares during the period. Thrivent Financial For Lutherans owned approximately 0.08% of Fidelity National Information Services worth $23,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Fidelity National Information Services by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 270,082 shares of the information technology services provider’s stock valued at $23,066,000 after buying an additional 861 shares during the period. Profund Advisors LLC raised its holdings in Fidelity National Information Services by 0.3% in the 2nd quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock valued at $725,000 after buying an additional 28 shares during the period. BT Investment Management Ltd purchased a new stake in Fidelity National Information Services in the 2nd quarter valued at about $1,279,000. Amalgamated Bank raised its holdings in Fidelity National Information Services by 59.3% in the 2nd quarter. Amalgamated Bank now owns 38,042 shares of the information technology services provider’s stock valued at $3,249,000 after buying an additional 14,166 shares during the period. Finally, Nicholas Company Inc. raised its holdings in Fidelity National Information Services by 24.6% in the 2nd quarter. Nicholas Company Inc. now owns 181,660 shares of the information technology services provider’s stock valued at $15,513,000 after buying an additional 35,855 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Several equities analysts have weighed in on the company. BidaskClub downgraded Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Cowen and Company reaffirmed an “outperform” rating and issued a $92.00 target price (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Stephens reaffirmed a “positive” rating and issued a $101.00 target price (up from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $94.00 target price (up from $92.00) on shares of Fidelity National Information Services in a research report on Friday, June 16th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $92.87.

Shares of Fidelity National Information Services, Inc. (FIS) traded down 0.57% during trading on Tuesday, hitting $93.01. The stock had a trading volume of 107,726 shares. The company has a market cap of $30.92 billion, a P/E ratio of 46.62 and a beta of 0.84. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $93.73. The stock’s 50-day moving average price is $91.42 and its 200-day moving average price is $85.97.

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

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. Fidelity National Information Services’s payout ratio is currently 58.00%.

In other Fidelity National Information Services news, Director Frank R. Martire sold 400,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 202,517 shares in the company, valued at approximately $18,295,385.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James B. Stallings, Jr. sold 2,181 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,112,471.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 520,549 shares of company stock worth $47,224,679. Company insiders own 2.66% of the company’s stock.

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Fidelity National Information Services 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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