Pictet Asset Management Ltd. increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 25.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,811,557 shares of the information technology services provider’s stock after buying an additional 366,800 shares during the period. Pictet Asset Management Ltd. owned approximately 0.55% of Fidelity National Information Services worth $155,558,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Guardian Life Insurance Co. of America increased 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. Morgan Dempsey Capital Management LLC increased its position 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 last quarter. Financial Architects Inc increased its position 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 last quarter. IFP Advisors Inc increased its position in shares of Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 84 shares during the last quarter. Finally, North Star Investment Management Corp. increased its position 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 last quarter. 86.70% of the stock is owned by institutional investors and hedge funds.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) opened at 90.37 on Monday. The stock’s 50 day moving average is $87.57 and its 200 day moving average is $83.41. The firm has a market capitalization of $29.82 billion, a PE ratio of 45.30 and a beta of 0.84. Fidelity National Information Services, Inc. has a 52-week low of $73.25 and a 52-week high of $91.90.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

Fidelity National Information Services declared that its Board of Directors has approved a stock repurchase program 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 repurchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s payout ratio is 58.00%.

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FIS has been the subject of several research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, July 12th. Cantor Fitzgerald reissued a “buy” rating and issued a $89.00 price objective on shares of Fidelity National Information Services in a research note on Tuesday, May 2nd. Credit Suisse Group reissued a “buy” rating and issued a $88.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, April 27th. BidaskClub raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Barclays PLC reissued a “buy” rating and issued a $94.00 price objective on shares of Fidelity National Information Services in a research note on Monday, May 15th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Fidelity National Information Services currently has a consensus rating of “Buy” and a consensus target price of $92.20.

In related news, insider Gary Norcross sold 250,000 shares of Fidelity National Information Services stock in a transaction on 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 directly owns 557,699 shares of the company’s stock, valued at $46,322,478.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James W. Woodall sold 70,667 shares of Fidelity National Information Services stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $83.02, for a total transaction of $5,866,774.34. Following the completion of the transaction, the executive vice president now directly owns 133,509 shares in the company, valued at $11,083,917.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 479,789 shares of company stock worth $39,879,240. 2.66% of the stock is owned by insiders.

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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