Veritable L.P. lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,851 shares of the information technology services provider’s stock after purchasing an additional 73 shares during the quarter. Veritable L.P.’s holdings in Fidelity National Information Services were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Fidelity National Information Services by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,963,230 shares of the information technology services provider’s stock worth $253,050,000 after purchasing an additional 16,342 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Fidelity National Information Services by 16.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 796,012 shares of the information technology services provider’s stock worth $67,979,000 after purchasing an additional 111,794 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Fidelity National Information Services by 42.2% during the 2nd quarter. Advisor Group Inc. now owns 11,359 shares of the information technology services provider’s stock worth $758,000 after purchasing an additional 3,373 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Fidelity National Information Services by 0.4% during the 2nd quarter. Nordea Investment Management AB now owns 31,685 shares of the information technology services provider’s stock worth $2,706,000 after purchasing an additional 130 shares in the last quarter. Finally, Cibc World Markets Corp grew its holdings in shares of Fidelity National Information Services by 418.3% during the 2nd quarter. Cibc World Markets Corp now owns 186,708 shares of the information technology services provider’s stock worth $15,945,000 after purchasing an additional 150,686 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the sale, the director now owns 202,517 shares of the company’s stock, valued at approximately $18,295,385.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James B. Stallings, Jr. sold 2,181 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $90.32, for a total value of $196,987.92. Following the completion of the sale, the director now directly owns 12,317 shares in the company, valued at approximately $1,112,471.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 520,549 shares of company stock worth $47,224,679. Company insiders own 2.66% of the company’s stock.

Several analysts have recently weighed in on FIS shares. Cowen and Company reissued a “buy” rating and set a $97.00 price objective on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. 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 report on Thursday, August 3rd. Robert W. Baird reissued a “buy” rating and set a $102.00 price objective on shares of Fidelity National Information Services in a report on Friday, September 8th. Finally, Stephens reissued a “positive” rating and set a $101.00 price objective (up previously from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $92.87.

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Fidelity National Information Services, Inc. (NYSE FIS) opened at 93.39 on Friday. The company has a market cap of $31.04 billion, a P/E ratio of 46.81 and a beta of 0.84. The firm has a 50-day moving average price of $91.46 and a 200 day moving average price of $86.04. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $93.73.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, equities analysts expect that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.

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

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

Fidelity National Information Services Company 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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