Royal Bank of Canada reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 725,481 shares of the information technology services provider’s stock after selling 34,178 shares during the period. Royal Bank of Canada owned 0.22% of Fidelity National Information Services worth $61,955,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its position 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 valued at $101,000 after buying an additional 9 shares during the last quarter. Private Trust Co. NA boosted its position in Fidelity National Information Services by 0.4% during the second quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock worth $425,000 after acquiring an additional 20 shares during the last quarter. Profund Advisors LLC boosted its position in Fidelity National Information Services by 0.3% during the second quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock worth $725,000 after acquiring an additional 28 shares during the last quarter. Ronald Blue & Co. LLC boosted its position in Fidelity National Information Services by 0.9% during the first quarter. Ronald Blue & Co. LLC now owns 4,188 shares of the information technology services provider’s stock worth $333,000 after acquiring an additional 37 shares during the last quarter. Finally, Pictet North America Advisors SA boosted its position in Fidelity National Information Services by 1.4% during the second quarter. Pictet North America Advisors SA now owns 3,346 shares of the information technology services provider’s stock worth $286,000 after acquiring an additional 46 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on FIS. Zacks Investment Research downgraded Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company restated an “outperform” rating and set a $92.00 price objective (up previously from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Barclays PLC restated an “overweight” rating and set a $102.00 price objective (up previously from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $94.00 price objective (up previously from $92.00) on shares of Fidelity National Information Services in a research report on Friday, June 16th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Fidelity National Information Services has an average rating of “Buy” and a consensus target price of $94.27.

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In related news, Director Stephan A. James sold 18,368 shares of the firm’s stock in a transaction that occurred on 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 directly owns 43,231 shares of the company’s stock, valued at approximately $3,896,842.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Anthony M. Jabbour sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the transaction, the chief operating officer now directly owns 282,689 shares in the company, valued at $26,109,156.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 520,549 shares of company stock valued at $47,224,679. 2.66% of the stock is currently owned by corporate insiders.

Fidelity National Information Services, Inc. (NYSE:FIS) traded up 0.07% during midday trading on Wednesday, hitting $93.47. The stock had a trading volume of 64,187 shares. The company’s 50-day moving average price is $92.25 and its 200 day moving average price is $86.82. Fidelity National Information Services, Inc. has a 12-month low of $73.25 and a 12-month high of $93.86. The stock has a market cap of $31.07 billion, a P/E ratio of 46.85 and a beta of 0.85.

Fidelity National Information Services (NYSE:FIS) last released 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 business had revenue of $2.34 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has approved a share buyback 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 reacquire up to 13.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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

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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