Janney Montgomery Scott LLC decreased its position in Fidelity National Information Services Inc. (NYSE:FIS) by 60.9% during the second quarter, Holdings Channel reports. The institutional investor owned 3,943 shares of the company’s stock after selling 6,152 shares during the period. Janney Montgomery Scott LLC’s holdings in Fidelity National Information Services were worth $239,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FIS. Norges Bank bought a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $145,488,000. American Century Companies Inc. bought a new position in shares of Fidelity National Information Services during the second quarter worth approximately $95,219,000. Moore Capital Management LP bought a new position in shares of Fidelity National Information Services during the first quarter worth approximately $52,231,000. TimesSquare Capital Management LLC increased its position in shares of Fidelity National Information Services by 679.8% in the first quarter. TimesSquare Capital Management LLC now owns 873,180 shares of the company’s stock worth $55,281,000 after buying an additional 761,210 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Fidelity National Information Services during the second quarter worth approximately $53,546,000. 86.68% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Inc. (NYSE:FIS) traded up 1.08% during midday trading on Monday, hitting $75.90. The stock had a trading volume of 2,786,468 shares. The firm has a market cap of $24.88 billion, a PE ratio of 51.88 and a beta of 0.92. The stock has a 50-day moving average price of $79.32 and a 200 day moving average price of $71.93. Fidelity National Information Services Inc. has a one year low of $55.11 and a one year high of $81.67.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. Fidelity National Information Services had a return on equity of 12.37% and a net margin of 5.75%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the business earned $0.74 EPS. Fidelity National Information Services’s revenue for the quarter was up 49.0% compared to the same quarter last year. On average, analysts predict that Fidelity National Information Services Inc. will post $3.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.04 annualized dividend and a yield of 1.37%. Fidelity National Information Services’s dividend payout ratio is presently 68.87%.

A number of equities analysts have recently commented on FIS shares. Zacks Investment Research downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Wedbush started coverage on Fidelity National Information Services in a research report on Thursday, September 8th. They set an “outperform” rating and a $92.00 price objective for the company. Monness Crespi & Hardt boosted their price objective on Fidelity National Information Services from $76.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, July 11th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $85.00 price objective (up from $80.00) on shares of Fidelity National Information Services in a research report on Monday, July 25th. Finally, Citigroup Inc. boosted their price objective on Fidelity National Information Services from $79.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $85.21.

In other Fidelity National Information Services news, COO Anthony M. Jabbour sold 145,000 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $75.89, for a total transaction of $11,004,050.00. Following the sale, the chief operating officer now directly owns 301,754 shares in the company, valued at approximately $22,900,111.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Oates sold 86,571 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $73.26, for a total value of $6,342,191.46. Following the sale, the executive vice president now owns 198,585 shares in the company, valued at $14,548,337.10. The disclosure for this sale can be found here. Company insiders own 2.29% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

5 Day Chart for NYSE:FIS

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