Motco raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,192 shares of the information technology services provider’s stock after buying an additional 131 shares during the period. Motco’s holdings in Fidelity National Information Services were worth $102,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Guardian Life Insurance Co. of America raised its position in 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 worth $101,000 after buying an additional 9 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its position in 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 worth $104,000 after buying an additional 45 shares during the last quarter. IFP Advisors Inc raised its position in 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 worth $112,000 after buying an additional 84 shares during the last quarter. North Star Investment Management Corp. raised its position in 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 worth $116,000 after buying an additional 75 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Fidelity National Information Services by 77.0% in the second quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after buying an additional 626 shares during the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.

Fidelity National Information Services, Inc. (FIS) opened at 91.94 on Wednesday. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $92.78. The firm has a market capitalization of $30.56 billion, a price-to-earnings ratio of 46.09 and a beta of 0.84. The stock has a 50 day moving average of $90.08 and a 200 day moving average of $84.74.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data 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 return on equity of 13.49% and a net margin of 7.08%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Analysts forecast that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.

The company also recently disclosed 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 of this dividend is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.26%. Fidelity National Information Services’s dividend payout ratio is currently 58.00%.

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

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A number of research firms recently weighed in on FIS. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Cowen and Company restated an “outperform” rating and set a $92.00 price target (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Barclays PLC restated an “overweight” rating and set a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $89.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $92.20.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the completion of the sale, the director now owns 12,317 shares of the company’s stock, valued at $1,112,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank R. Martire sold 400,000 shares of the company’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 value of $36,136,000.00. Following the sale, the director now directly 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 420,549 shares of company stock worth $37,988,679 in the last 90 days. 2.66% of the stock is currently owned by corporate 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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