Korea Investment CORP boosted its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,205 shares of the information technology services provider’s stock after purchasing an additional 18,678 shares during the period. Korea Investment CORP’s holdings in Fidelity National Information Servcs were worth $16,881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia boosted its position in Fidelity National Information Servcs by 2,852.6% during the second quarter. Commonwealth Bank of Australia now owns 10,895 shares of the information technology services provider’s stock valued at $1,150,000 after purchasing an additional 10,526 shares during the last quarter. ING Groep NV boosted its position in Fidelity National Information Servcs by 90.2% during the second quarter. ING Groep NV now owns 35,444 shares of the information technology services provider’s stock valued at $3,758,000 after purchasing an additional 16,806 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Fidelity National Information Servcs by 20.3% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 18,576 shares of the information technology services provider’s stock valued at $1,970,000 after purchasing an additional 3,136 shares during the last quarter. Richard Bernstein Advisors LLC boosted its position in Fidelity National Information Servcs by 6.1% during the second quarter. Richard Bernstein Advisors LLC now owns 42,145 shares of the information technology services provider’s stock valued at $4,469,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Neuburgh Advisers LLC boosted its position in Fidelity National Information Servcs by 6.0% during the second quarter. Neuburgh Advisers LLC now owns 16,898 shares of the information technology services provider’s stock valued at $1,792,000 after purchasing an additional 952 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

In other Fidelity National Information Servcs news, Director Keith W. Hughes sold 5,835 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $106.87, for a total value of $623,586.45. Following the completion of the sale, the director now owns 29,380 shares of the company’s stock, valued at $3,139,840.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David K. Hunt sold 17,922 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $106.38, for a total value of $1,906,542.36. Following the completion of the sale, the director now directly owns 24,989 shares of the company’s stock, valued at approximately $2,658,329.82. The disclosure for this sale can be found here. Insiders sold 29,542 shares of company stock valued at $3,145,184 in the last ninety days. Insiders own 2.08% of the company’s stock.

A number of analysts recently issued reports on the company. ValuEngine cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Wolfe Research assumed coverage on Fidelity National Information Servcs in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. Zacks Investment Research cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Cantor Fitzgerald lifted their price objective on Fidelity National Information Servcs to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $114.55.

Shares of NYSE:FIS opened at $107.45 on Friday. Fidelity National Information Servcs Inc has a fifty-two week low of $89.31 and a fifty-two week high of $109.95. The stock has a market capitalization of $35.38 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 1.71 and a beta of 0.94. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.84.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, July 31st. The information technology services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. Fidelity National Information Servcs had a return on equity of 15.42% and a net margin of 16.59%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. analysts predict that Fidelity National Information Servcs Inc will post 5.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.19%. Fidelity National Information Servcs’s dividend payout ratio is currently 28.96%.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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

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