Montag & Caldwell LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 826,798 shares of the information technology services provider’s stock after selling 85,197 shares during the period. Fidelity National Information Services makes up about 2.1% of Montag & Caldwell LLC’s investment portfolio, making the stock its 27th largest position. Montag & Caldwell LLC’s holdings in Fidelity National Information Services were worth $70,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Fidelity National Information Services by 3.5% in the first quarter. Vanguard Group Inc. now owns 21,818,241 shares of the information technology services provider’s stock valued at $1,737,168,000 after buying an additional 745,789 shares during the period. BlackRock Inc. increased its stake in Fidelity National Information Services by 3,230.2% in 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 buying an additional 20,394,426 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Fidelity National Information Services by 4.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock valued at $1,462,643,000 after buying an additional 845,325 shares during the period. State Street Corp increased its stake in Fidelity National Information Services by 1.9% in the first quarter. State Street Corp now owns 13,111,048 shares of the information technology services provider’s stock valued at $1,043,909,000 after buying an additional 244,925 shares during the period. Finally, Longview Partners Guernsey LTD increased its stake in Fidelity National Information Services by 4.7% in the second quarter. Longview Partners Guernsey LTD now owns 9,504,642 shares of the information technology services provider’s stock valued at $811,696,000 after buying an additional 428,628 shares during the period. Institutional investors and hedge funds own 86.70% of the company’s stock.

Fidelity National Information Services, Inc. (FIS) traded up 0.18% during trading on Friday, reaching $89.42. 49,582 shares of the company’s stock traded hands. The stock has a market cap of $29.72 billion, a P/E ratio of 44.82 and a beta of 0.84. The firm’s 50 day moving average price is $88.52 and its 200-day moving average price is $83.87. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $92.78.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.30%. Fidelity National Information Services’s payout ratio is currently 58.00%.

Fidelity National Information Services announced that its Board of Directors has approved a stock repurchase program 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 purchase up to 13.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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Several research firms have recently commented on FIS. BMO Capital Markets upped their price objective on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and issued a $102.00 price objective (up from $94.00) on shares of Fidelity National Information Services in a report on Wednesday. Zacks Investment Research raised shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Stephens reaffirmed a “positive” rating and issued a $101.00 price objective (up from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $92.20.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of the business’s stock in a transaction 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 sale, the director now directly owns 12,317 shares in the company, valued at approximately $1,112,471.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $85.39, for a total transaction of $85,390.00. Following the sale, the director now owns 14,498 shares in the company, valued at $1,237,984.22. The disclosure for this sale can be found here. Insiders have sold a total of 403,181 shares of company stock worth $36,418,378 over the last 90 days. Insiders own 2.66% of the company’s stock.

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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