Robeco Institutional Asset Management B.V. decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 18.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,874 shares of the information technology services provider’s stock after selling 21,472 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Fidelity National Information Services were worth $8,274,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Guardian Life Insurance Co. of America raised its stake in shares of 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 worth $101,000 after buying an additional 9 shares during the last quarter. Huntington National Bank raised its stake in shares of 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 worth $155,000 after buying an additional 20 shares during the last quarter. Private Trust Co. NA raised its stake in shares of 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 worth $425,000 after buying an additional 20 shares during the last quarter. Ronald Blue & Co. LLC raised its stake in shares of 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 worth $333,000 after buying an additional 37 shares during the last quarter. Finally, Intrust Bank NA raised its stake in shares of 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 worth $1,187,000 after buying an additional 45 shares during the last quarter. 86.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 92.39 on Thursday. The company’s 50-day moving average price is $90.08 and its 200 day moving average price is $84.74. The company has a market cap of $30.71 billion, a P/E ratio of 46.31 and a beta of 0.84. 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 posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. Fidelity National Information Services’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.

Fidelity National Information Services declared that its board has initiated a stock repurchase plan 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 purchase up to 13.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s payout ratio is presently 58.00%.

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FIS has been the topic of a number of recent analyst reports. BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. 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 research note on Thursday, August 3rd. BMO Capital Markets lifted their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $92.20.

In related news, Director James B. Stallings, Jr. sold 2,181 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephan A. James sold 18,368 shares of the company’s stock in a transaction on 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 completion of the transaction, 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. Over the last ninety days, insiders have sold 420,549 shares of company stock worth $37,988,679. 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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