Pitcairn Co. cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,323 shares of the information technology services provider’s stock after selling 589 shares during the period. Pitcairn Co.’s holdings in Fidelity National Information Services were worth $540,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in Fidelity National Information Services by 2.1% in the second quarter. Rhumbline Advisers now owns 624,088 shares of the information technology services provider’s stock worth $53,297,000 after buying an additional 12,923 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Fidelity National Information Services by 4.4% in the second quarter. Teacher Retirement System of Texas now owns 3,435 shares of the information technology services provider’s stock worth $293,000 after buying an additional 144 shares during the last quarter. Crescent Grove Advisors LLC bought a new stake in Fidelity National Information Services during the second quarter worth about $106,333,000. Schwab Charles Investment Management Inc. boosted its stake in Fidelity National Information Services by 28.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,536,855 shares of the information technology services provider’s stock worth $131,248,000 after buying an additional 344,894 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in Fidelity National Information Services by 4.1% in the second quarter. Wetherby Asset Management Inc. now owns 4,908 shares of the information technology services provider’s stock worth $419,000 after buying an additional 192 shares during the last quarter. Institutional investors own 86.37% of the company’s stock.

Fidelity National Information Services, Inc. (NYSE:FIS) opened at 89.22 on Monday. The company’s 50-day moving average price is $88.65 and its 200-day moving average price is $83.93. Fidelity National Information Services, Inc. has a 12-month low of $73.25 and a 12-month high of $92.78. The firm has a market capitalization of $29.66 billion, a price-to-earnings ratio of 44.72 and a beta of 0.84.

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

Fidelity National Information Services declared that its Board of Directors has initiated a stock 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 reacquire up to 13.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

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A number of research firms have issued reports on FIS. Barclays PLC reiterated an “overweight” rating and issued a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 9th. BidaskClub cut shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. BMO Capital Markets lifted their price objective on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Cowen and Company restated a “buy” rating and set a $97.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Finally, Stephens restated a “positive” rating and set a $101.00 price objective (up from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Fidelity National Information Services presently has a consensus rating of “Buy” and a consensus price target of $92.20.

In other news, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the transaction, the director now owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James B. Stallings, Jr. sold 1,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $85.39, for a total value of $85,390.00. Following the transaction, the director now directly owns 14,498 shares in the company, valued at approximately $1,237,984.22. The disclosure for this sale can be found here. Insiders have sold 403,181 shares of company stock worth $36,418,378 in the last ninety days. 2.66% of the stock is currently 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.

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

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