Tiaa Fsb acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 90,044 shares of the information technology services provider’s stock, valued at approximately $7,690,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Fidelity National Information Services by 10.5% in the 2nd quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock valued at $1,984,199,000 after acquiring an additional 2,208,363 shares in the last quarter. Vanguard Group Inc. lifted its position in Fidelity National Information Services by 3.3% in the 2nd 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 acquiring an additional 726,796 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Fidelity National Information Services by 4.8% in the 1st 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 acquiring an additional 845,325 shares in the last quarter. State Street Corp lifted its position in Fidelity National Information Services by 1.9% in the 1st 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 acquiring an additional 244,925 shares in the last quarter. Finally, Longview Partners Guernsey LTD lifted its position in Fidelity National Information Services by 4.7% in the 2nd 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 acquiring an additional 428,628 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

In other Fidelity National Information Services news, Director Frank R. Martire sold 400,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the transaction, the director now directly owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Anthony M. Jabbour sold 100,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $92.36, for a total transaction 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. Insiders sold 520,549 shares of company stock worth $47,224,679 over the last ninety days. Insiders own 2.66% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (FIS) traded down 0.11% during midday trading on Thursday, reaching $92.70. 231,811 shares of the company’s stock traded hands. Fidelity National Information Services, Inc. has a 52-week low of $73.25 and a 52-week high of $93.73. The company has a 50 day moving average of $91.46 and a 200 day moving average of $86.04. The firm has a market cap of $30.81 billion, a PE ratio of 46.47 and a beta of 0.84.

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 for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has authorized a share repurchase 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 purchase up to 13.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is 58.00%.

FIS has been the topic of several research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $94.00 price objective (up from $92.00) on shares of Fidelity National Information Services in a research report on Friday, June 16th. BidaskClub raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Cowen and Company reaffirmed an “outperform” rating and issued a $92.00 price objective (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. 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 report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. boosted their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Fidelity National Information Services currently has an average rating of “Buy” and a consensus target price of $92.87.

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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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