JPMorgan Chase & Co. decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 14.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,717,492 shares of the information technology services provider’s stock after selling 1,614,410 shares during the period. JPMorgan Chase & Co. owned approximately 2.92% of Fidelity National Information Services worth $829,874,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Guardian Life Insurance Co. of America raised its stake 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 period. Motco raised its position in shares of Fidelity National Information Services by 12.3% in the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares during the last quarter. Morgan Dempsey Capital Management LLC raised 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 worth $104,000 after buying an additional 45 shares during the last quarter. IFP Advisors Inc raised 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 worth $112,000 after buying an additional 84 shares during the last quarter. Finally, North Star Investment Management Corp. raised 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 worth $116,000 after buying an additional 75 shares during the last quarter. Institutional investors own 86.96% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) traded down 0.62% during trading on Friday, reaching $92.34. 1,022,404 shares of the company’s stock traded hands. The company has a 50 day moving average price of $90.68 and a 200-day moving average price of $85.18. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $93.29. The stock has a market cap of $30.69 billion, a P/E ratio of 46.29 and a beta of 0.84.

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

The business also recently announced 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

Fidelity National Information Services declared that its board has authorized a stock repurchase plan on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in 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 plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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A number of brokerages have recently commented on FIS. Zacks Investment Research lowered shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company reissued an “outperform” rating and issued a $92.00 price target (up previously from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Barclays PLC reissued an “overweight” rating and issued a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. BidaskClub raised shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $94.00 price objective (up previously from $92.00) on shares of Fidelity National Information Services in a research note on Friday, June 16th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $92.20.

In other Fidelity National Information Services news, Director Stephan A. James sold 18,368 shares of Fidelity National Information Services stock in a transaction dated 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 transaction, the director now directly owns 43,231 shares of the company’s stock, valued at approximately $3,896,842.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.32, for a total value of $196,987.92. Following the completion of the transaction, the director now directly owns 12,317 shares of the company’s stock, valued at $1,112,471.44. The disclosure for this sale can be found here. Insiders sold a total of 420,549 shares of company stock valued at $37,988,679 over the last ninety days. Corporate 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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