Everence Capital Management Inc. continued to hold its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,241 shares of the information technology services provider’s stock at the end of the second quarter. Everence Capital Management Inc.’s holdings in Fidelity National Information Services were worth $704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blair William & Co. IL boosted its position in shares of Fidelity National Information Services by 7.8% in the second quarter. Blair William & Co. IL now owns 114,186 shares of the information technology services provider’s stock worth $9,751,000 after buying an additional 8,234 shares during the period. Chartwell Investment Partners LLC boosted its position in shares of Fidelity National Information Services by 1.8% in the second quarter. Chartwell Investment Partners LLC now owns 10,918 shares of the information technology services provider’s stock worth $932,000 after buying an additional 195 shares during the period. KBC Group NV boosted its position in shares of Fidelity National Information Services by 20.2% in the second quarter. KBC Group NV now owns 44,180 shares of the information technology services provider’s stock worth $3,773,000 after buying an additional 7,436 shares during the period. Ballentine Partners LLC bought a new position in shares of Fidelity National Information Services during the second quarter worth about $205,000. Finally, Legal & General Group Plc boosted its position in shares of Fidelity National Information Services by 4.4% in the second quarter. Legal & General Group Plc now owns 1,705,383 shares of the information technology services provider’s stock worth $145,635,000 after buying an additional 72,403 shares during the period. 86.37% of the stock is owned by institutional investors.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) opened at 89.83 on Friday. The company’s 50-day moving average is $89.40 and its 200-day moving average is $84.31. 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 cap of $29.86 billion, a price-to-earnings ratio of 45.03 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates 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 business 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 EPS. The business’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 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its board has initiated a share 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 stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.29 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. Fidelity National Information Services’s payout ratio is currently 58.00%.

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

In related news, Director Stephan A. James sold 18,368 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $90.14, for a total value of $1,655,691.52. Following the sale, the director now directly owns 43,231 shares in the company, valued at approximately $3,896,842.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank R. Martire sold 400,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 202,517 shares in the company, valued at $18,295,385.78. The disclosure for this sale can be found here. Insiders sold a total of 421,549 shares of company stock worth $38,074,069 over the last quarter. 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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