D.A. Davidson & CO. cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,165 shares of the information technology services provider’s stock after selling 264 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidelity National Information Services were worth $1,124,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Motco increased its position in shares of Fidelity National Information Services by 12.3% during the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after acquiring an additional 131 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Fidelity National Information Services by 0.7% during 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 acquiring an additional 9 shares during the period. Morgan Dempsey Capital Management LLC increased its position in shares of Fidelity National Information Services by 3.6% during 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 acquiring an additional 45 shares during the period. IFP Advisors Inc increased its position in shares of Fidelity National Information Services by 6.8% during the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after acquiring an additional 84 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Fidelity National Information Services by 77.0% during the second quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 626 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Cowen and Company reaffirmed an “outperform” rating and set a $92.00 target price (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Barclays PLC reaffirmed an “overweight” rating and set a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BidaskClub raised shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set 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 research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $92.87.

In other Fidelity National Information Services news, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 282,689 shares in the company, valued at approximately $26,109,156.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephan A. James sold 18,368 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the sale, the director now owns 43,231 shares in the company, valued at $3,896,842.34. 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. 2.66% of the stock is owned by company insiders.

Fidelity National Information Services, Inc. (FIS) opened at 93.05 on Monday. The company’s 50-day moving average is $91.46 and its 200 day moving average is $86.04. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $93.73. The stock has a market capitalization of $30.59 billion, a price-to-earnings ratio of 54.00 and a beta of 0.84.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 dividend on an annualized basis and a yield of 1.25%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

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

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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