Crawford Investment Counsel Inc. boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 326.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 449,531 shares of the information technology services provider’s stock after buying an additional 344,100 shares during the period. Crawford Investment Counsel Inc. owned approximately 0.14% of Fidelity National Information Services worth $38,390,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FIS. Guardian Life Insurance Co. of America raised its stake in Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 9 shares during the period. Huntington National Bank raised its stake in Fidelity National Information Services by 1.0% in the first quarter. Huntington National Bank now owns 1,950 shares of the information technology services provider’s stock valued at $155,000 after buying an additional 20 shares during the period. Private Trust Co. NA raised its stake in Fidelity National Information Services by 0.4% in the second quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock valued at $425,000 after buying an additional 20 shares during the period. Ronald Blue & Co. LLC raised its stake in Fidelity National Information Services by 0.9% in the first quarter. Ronald Blue & Co. LLC now owns 4,188 shares of the information technology services provider’s stock valued at $333,000 after buying an additional 37 shares during the period. Finally, Intrust Bank NA raised its stake in Fidelity National Information Services by 0.3% in the first quarter. Intrust Bank NA now owns 14,909 shares of the information technology services provider’s stock valued at $1,187,000 after buying an additional 45 shares during the period. 86.96% of the stock is currently owned by institutional investors.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 91.86 on Wednesday. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $92.78. The stock has a 50 day moving average price of $90.08 and a 200 day moving average price of $84.74. The stock has a market capitalization of $30.54 billion, a P/E ratio of 46.05 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 firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. On average, analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

The company 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. This represents a $1.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

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

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Several research firms have weighed in on FIS. BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Barclays PLC reissued an “overweight” rating and issued a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. BMO Capital Markets upped their target price on Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $89.00 target price on shares of Fidelity National Information Services in a report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $92.20.

In other Fidelity National Information Services news, Director Frank R. Martire sold 400,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the completion of the transaction, the director now owns 202,517 shares in the company, valued at approximately $18,295,385.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephan A. James sold 18,368 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total value of $1,655,691.52. Following the transaction, the director now owns 43,231 shares of the company’s stock, valued at approximately $3,896,842.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 420,549 shares of company stock valued at $37,988,679. 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.

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

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