Gilbert & Cook Inc. decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 52.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,256 shares of the information technology services provider’s stock after selling 2,481 shares during the quarter. Gilbert & Cook Inc.’s holdings in Fidelity National Information Services were worth $211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIS. Private Trust Co. NA lifted its position in Fidelity National Information Services by 0.4% during the 2nd quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock worth $425,000 after buying an additional 20 shares in the last quarter. Profund Advisors LLC lifted its position in Fidelity National Information Services by 0.3% during the 2nd quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock worth $725,000 after buying an additional 28 shares in the last quarter. Pictet North America Advisors SA lifted its position in Fidelity National Information Services by 1.4% during the 2nd quarter. Pictet North America Advisors SA now owns 3,346 shares of the information technology services provider’s stock worth $286,000 after buying an additional 46 shares in the last quarter. Calamos Wealth Management LLC lifted its position in Fidelity National Information Services by 0.4% during the 2nd quarter. Calamos Wealth Management LLC now owns 12,073 shares of the information technology services provider’s stock worth $1,031,000 after buying an additional 54 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Fidelity National Information Services by 3.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,121 shares of the information technology services provider’s stock worth $181,000 after buying an additional 61 shares in the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.12. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis.

Fidelity National Information Services announced that its Board of Directors has approved a share buyback plan on Wednesday, August 2nd that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, December 14th. Fidelity National Information Services’s payout ratio is 71.60%.

Several research analysts recently issued reports on FIS shares. BidaskClub downgraded shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Tuesday, October 3rd. Stephens reiterated a “positive” rating and set a $101.00 price target (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Cowen and Company reiterated an “outperform” rating and set a $92.00 price target (up previously from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Finally, Barclays PLC reiterated an “overweight” rating and set a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $97.19.

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In other news, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Services stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the sale, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephan A. James sold 18,368 shares of Fidelity National Information Services stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $90.14, for a total value of $1,655,691.52. Following the sale, the director now directly owns 43,231 shares in the company, valued at $3,896,842.34. The disclosure for this sale can be found here. Insiders have sold 520,549 shares of company stock worth $47,224,679 over the last three months. Insiders own 2.66% of the company’s stock.

Fidelity National Information Services 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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