Balentine LLC increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 32.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,567 shares of the information technology services provider’s stock after buying an additional 382 shares during the period. Balentine LLC’s holdings in Fidelity National Information Services were worth $134,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FIS. BlackRock Inc. increased its stake in shares of Fidelity National Information Services by 3,230.2% during the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock valued at $1,674,072,000 after purchasing an additional 20,394,426 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Fidelity National Information Services by 253.1% during the second quarter. Janus Henderson Group PLC now owns 4,500,969 shares of the information technology services provider’s stock valued at $384,370,000 after purchasing an additional 3,226,198 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $176,220,000. Voya Investment Management LLC increased its stake in shares of Fidelity National Information Services by 80.3% during the second quarter. Voya Investment Management LLC now owns 2,912,478 shares of the information technology services provider’s stock valued at $248,726,000 after purchasing an additional 1,297,225 shares in the last quarter. Finally, Crescent Grove Advisors LLC bought a new position in shares of Fidelity National Information Services during the second quarter valued at approximately $106,333,000. 86.71% of the stock is owned by institutional investors.

In related news, Director James B. Stallings, Jr. sold 2,181 shares of the business’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 transaction of $196,987.92. Following the completion of the transaction, the director now owns 12,317 shares in the company, valued at approximately $1,112,471.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the transaction, the director now owns 202,517 shares in the company, valued at approximately $18,295,385.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 520,549 shares of company stock valued at $47,224,679. 2.66% of the stock is currently owned by company insiders.

FIS has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $94.00 target price (up previously from $92.00) on shares of Fidelity National Information Services in a research note on Friday, June 16th. BidaskClub raised shares of 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 target price (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 target price on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. raised their target price on shares of 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 equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $94.67.

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Shares of Fidelity National Information Services, Inc. (NYSE FIS) traded up 0.47% during midday trading on Tuesday, hitting $94.79. 106,743 shares of the company traded hands. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $94.85. The company has a 50-day moving average price of $92.66 and a 200-day moving average price of $87.22. The stock has a market capitalization of $31.51 billion, a P/E ratio of 47.51 and a beta of 0.85.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The firm had revenue of $2.34 billion during 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%. Fidelity National Information Services’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 EPS. Analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in outstanding 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 plans are generally a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

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.

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

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