Williams Jones & Associates LLC maintained its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,965 shares of the information technology services provider’s stock at the end of the second quarter. Williams Jones & Associates LLC’s holdings in Fidelity National Information Services were worth $253,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FIS. Victory Capital Management Inc. boosted its holdings in shares of Fidelity National Information Services by 6.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,466,380 shares of the information technology services provider’s stock worth $275,993,000 after purchasing an additional 219,859 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Fidelity National Information Services by 45.9% during the 1st quarter. Schroder Investment Management Group now owns 226,660 shares of the information technology services provider’s stock worth $18,144,000 after purchasing an additional 71,272 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Fidelity National Information Services by 165.3% during the 1st quarter. Blair William & Co. IL now owns 105,952 shares of the information technology services provider’s stock worth $8,624,000 after purchasing an additional 66,011 shares during the last quarter. SVA Plumb Wealth Management LLC boosted its holdings in shares of Fidelity National Information Services by 37.1% during the 1st quarter. SVA Plumb Wealth Management LLC now owns 23,869 shares of the information technology services provider’s stock worth $1,900,000 after purchasing an additional 6,462 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $245,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE FIS) opened at 93.91 on Friday. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 47.07 and a beta of 0.85. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $93.99. The firm has a 50-day moving average price of $92.53 and a 200-day moving average price of $87.01.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly 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 company had revenue of $2.34 billion for 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS. Equities analysts expect that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

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

Fidelity National Information Services announced that its board has authorized a stock buyback program on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 13.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Tuesday. Robert W. Baird reiterated a “buy” rating and issued a $102.00 price objective on shares of Fidelity National Information Services in a report on Friday, September 8th. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Barclays PLC reiterated an “overweight” rating and issued a $102.00 price objective (up from $94.00) on shares of Fidelity National Information Services in a report on Wednesday, August 9th. Finally, BMO Capital Markets upped their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. 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 presently has a consensus rating of “Buy” and an average price target of $94.27.

In other news, Director James B. Stallings, Jr. sold 2,181 shares of the business’s stock in a transaction dated 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 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 Securities & Exchange Commission, which is available through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. Insiders have sold a total of 520,549 shares of company stock worth $47,224,679 in the last 90 days. Company insiders own 2.66% of the company’s stock.

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.

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

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