Macquarie Group Ltd. lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 17.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,278 shares of the information technology services provider’s stock after acquiring an additional 24,955 shares during the period. Macquarie Group Ltd.’s holdings in Fidelity National Information Services were worth $14,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Prudential PLC boosted its stake in shares of Fidelity National Information Services by 2.1% during the second quarter. Prudential PLC now owns 326,482 shares of the information technology services provider’s stock valued at $27,881,000 after acquiring an additional 6,676 shares during the last quarter. AHL Partners LLP boosted its stake in shares of Fidelity National Information Services by 15.1% during the second quarter. AHL Partners LLP now owns 105,412 shares of the information technology services provider’s stock valued at $9,002,000 after acquiring an additional 13,804 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its stake in shares of Fidelity National Information Services by 12.3% during the second quarter. Zurich Insurance Group Ltd FI now owns 51,926 shares of the information technology services provider’s stock valued at $4,434,000 after acquiring an additional 5,687 shares during the last quarter. Sun Life Financial INC boosted its stake in shares of Fidelity National Information Services by 17,150.0% during the second quarter. Sun Life Financial INC now owns 2,415 shares of the information technology services provider’s stock valued at $206,000 after acquiring an additional 2,401 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Fidelity National Information Services by 1.9% during the second quarter. HighTower Advisors LLC now owns 25,326 shares of the information technology services provider’s stock valued at $2,163,000 after acquiring an additional 464 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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Fidelity National Information Services, Inc. (FIS) opened at 94.96 on Friday. The firm has a market capitalization of $31.57 billion, a price-to-earnings ratio of 47.60 and a beta of 0.85. The stock has a 50 day moving average price of $93.05 and a 200 day moving average price of $87.53. Fidelity National Information Services, Inc. has a 1-year low of $73.25 and a 1-year high of $95.14.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. 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 repurchase program on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in 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 programs are generally an indication that the company’s board believes its stock is undervalued.

FIS has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $94.00 price objective (up previously from $92.00) on shares of Fidelity National Information Services in a research note on Friday, June 16th. BidaskClub raised Fidelity National Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Cowen and Company reaffirmed an “outperform” rating and set a $92.00 price objective (up previously from $90.00) on shares of Fidelity National Information Services in a research note on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. increased their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $94.67.

In other Fidelity National Information Services news, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $92.36, for a total value of $9,236,000.00. Following the transaction, the chief operating officer now owns 282,689 shares in the company, valued at $26,109,156.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephan A. James sold 18,368 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the transaction, the director now owns 43,231 shares in the company, valued at approximately $3,896,842.34. The disclosure for this sale can be found here. Insiders sold 520,549 shares of company stock worth $47,224,679 in the last 90 days. 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.

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

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