Vaughan Nelson Investment Management L.P. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 19.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 859,980 shares of the information technology services provider’s stock after selling 208,350 shares during the period. Fidelity National Information Services comprises 0.9% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 26th largest position. Vaughan Nelson Investment Management L.P.’s holdings in Fidelity National Information Services were worth $73,442,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Guardian Life Insurance Co. of America boosted 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 valued at $101,000 after buying an additional 9 shares during the period. Morgan Dempsey Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 45 shares during the period. Financial Architects Inc boosted its stake in shares of Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 9 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Fidelity National Information Services by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock valued at $116,000 after buying an additional 75 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Fidelity National Information Services during the first quarter valued at about $142,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 89.58 on Monday. The firm’s 50-day moving average is $84.92 and its 200-day moving average is $81.44. The company has a market cap of $29.61 billion, a PE ratio of 45.73 and a beta of 0.83. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $89.77.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, May 2nd. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Fidelity National Information Services had a net margin of 6.99% and a return on equity of 13.14%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the company earned $0.79 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post $4.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, June 14th. Fidelity National Information Services’s payout ratio is 58.88%.

TRADEMARK VIOLATION NOTICE: This report was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://www.watchlistnews.com/vaughan-nelson-investment-management-l-p-has-73-44-million-position-in-fidelity-national-information-services-inc-fis/1444938.html.

Several brokerages recently issued reports on FIS. Oppenheimer Holdings, Inc. boosted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. BidaskClub upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Cowen and Company restated an “outperform” rating and set a $92.00 target price (up from $90.00) on shares of Fidelity National Information Services in a research note on Monday, July 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a $94.00 target price (up from $92.00) on shares of Fidelity National Information Services in a research note on Friday, June 16th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Fidelity National Information Services presently has a consensus rating of “Buy” and a consensus price target of $89.67.

In other Fidelity National Information Services news, insider Gary Norcross sold 250,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $83.06, for a total value of $20,765,000.00. Following the transaction, the insider now owns 557,699 shares in the company, valued at $46,322,478.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Oates sold 266,712 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $82.79, for a total transaction of $22,081,086.48. Following the completion of the transaction, the executive vice president now owns 312,828 shares in the company, valued at approximately $25,899,030.12. The disclosure for this sale can be found here. Insiders sold 746,501 shares of company stock worth $61,960,326 in the last 90 days. Corporate 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.

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS).

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

Receive News & Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.