HighTower Advisors LLC raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,326 shares of the information technology services provider’s stock after buying an additional 464 shares during the quarter. HighTower Advisors LLC’s holdings in Fidelity National Information Services were worth $2,163,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Fidelity National Information Services by 10.5% in the second quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock valued at $1,984,199,000 after purchasing an additional 2,208,363 shares during the period. Vanguard Group Inc. increased its holdings in shares of Fidelity National Information Services by 3.3% in the second quarter. Vanguard Group Inc. now owns 22,545,037 shares of the information technology services provider’s stock valued at $1,925,346,000 after purchasing an additional 726,796 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 purchasing an additional 845,325 shares during the period. State Street Corp increased its holdings in shares of 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 purchasing an additional 244,925 shares during the period. Finally, Longview Partners Guernsey LTD increased its holdings in shares of 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 purchasing an additional 428,628 shares during the period. Institutional investors own 86.71% of the company’s stock.

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In related news, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $92.36, for a total value of $9,236,000.00. Following the sale, the chief operating officer now owns 282,689 shares in the company, valued at approximately $26,109,156.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James B. Stallings, Jr. sold 2,181 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.32, for a total value of $196,987.92. Following the completion of the sale, the director now owns 12,317 shares in the company, valued at approximately $1,112,471.44. The disclosure for this sale can be found here. Insiders have sold a total of 520,549 shares of company stock worth $47,224,679 in the last quarter. 2.66% of the stock is currently owned by insiders.

Shares of Fidelity National Information Services, Inc. (NYSE FIS) opened at 93.91 on Friday. The firm has a market capitalization of $31.22 billion, a price-to-earnings ratio of 47.07 and a beta of 0.85. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $93.99. The firm has a 50-day moving average price of $92.53 and a 200 day moving average price of $87.01.

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 Thomson Reuters’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts forecast that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, September 14th. Fidelity National Information Services’s payout ratio is 58.00%.

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

FIS has been the topic of a number of research reports. Zacks Investment Research lowered Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Robert W. Baird reissued a “buy” rating and issued a $102.00 price objective on shares of Fidelity National Information Services in a report on Friday, September 8th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $94.00 price objective (up from $92.00) on shares of Fidelity National Information Services in a report on Friday, June 16th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $94.27.

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.

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

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