Conning Inc. lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,698 shares of the information technology services provider’s stock after selling 10 shares during the period. Conning Inc.’s holdings in Fidelity National Information Services were worth $657,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. raised its stake in shares of Fidelity National Information Services by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,316 shares of the information technology services provider’s stock worth $619,000 after buying an additional 372 shares during the period. Nationwide Fund Advisors increased its stake in Fidelity National Information Services by 20.6% in the first quarter. Nationwide Fund Advisors now owns 353,071 shares of the information technology services provider’s stock worth $28,112,000 after buying an additional 60,267 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in Fidelity National Information Services by 15.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 96,686 shares of the information technology services provider’s stock worth $7,698,000 after buying an additional 12,861 shares in the last quarter. Nippon Life Insurance Co. purchased a new stake in Fidelity National Information Services during the first quarter worth about $1,405,000. Finally, State of Alaska Department of Revenue purchased a new stake in Fidelity National Information Services during the first quarter worth about $366,000. Institutional investors and hedge funds own 86.37% of the company’s stock.

Fidelity National Information Services, Inc. (NYSE FIS) opened at 91.45 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $92.78. The stock has a 50 day moving average price of $89.15 and a 200 day moving average price of $84.20. The stock has a market capitalization of $30.40 billion, a PE ratio of 45.84 and a beta of 0.84.

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

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.27%. Fidelity National Information Services’s payout ratio is presently 58.00%.

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A number of research firms have issued reports on FIS. Zacks Investment Research downgraded Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Cowen and Company reissued an “outperform” rating and issued a $92.00 target price (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Barclays PLC reissued an “overweight” rating and issued a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Credit Suisse Group reissued a “buy” rating and issued a $88.00 target price on shares of Fidelity National Information Services in a research report on Thursday, April 27th. Finally, BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $92.20.

In other Fidelity National Information Services news, Director Stephan A. James sold 18,368 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the sale, the director now owns 43,231 shares in the company, valued at approximately $3,896,842.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank R. Martire sold 400,000 shares of the 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 completion of the sale, the director now owns 202,517 shares of the company’s stock, valued at approximately $18,295,385.78. The disclosure for this sale can be found here. Insiders sold a total of 421,549 shares of company stock valued at $38,074,069 in the last quarter. 2.66% of the stock is currently owned by company 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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