TimesSquare Capital Management LLC decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,165,810 shares of the information technology services provider’s stock after selling 14,505 shares during the quarter. TimesSquare Capital Management LLC owned about 0.35% of Fidelity National Information Services worth $99,560,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Motco increased its stake in Fidelity National Information Services by 12.3% during the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after acquiring an additional 131 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in Fidelity National Information Services by 0.7% during 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 acquiring an additional 9 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its stake in Fidelity National Information Services by 3.6% during 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 acquiring an additional 45 shares during the last quarter. IFP Advisors Inc increased its stake in Fidelity National Information Services by 6.8% during the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after acquiring an additional 84 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Fidelity National Information Services by 77.0% during the second quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 626 shares during the last quarter. 86.97% of the stock is owned by institutional investors.

Fidelity National Information Services, Inc. (NYSE:FIS) traded down 0.18% on Friday, reaching $92.36. The company had a trading volume of 121,694 shares. Fidelity National Information Services, Inc. has a 52-week low of $73.25 and a 52-week high of $93.29. The firm has a market capitalization of $30.70 billion, a price-to-earnings ratio of 46.30 and a beta of 0.84. The stock’s 50-day moving average price is $90.93 and its 200 day moving average price is $85.45.

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

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

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

In other news, Director Stephan A. James sold 18,368 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the completion of the sale, the director now directly owns 43,231 shares in the company, valued at $3,896,842.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James B. Stallings, Jr. sold 2,181 shares of the firm’s 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 sale, the director now 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 have sold 420,549 shares of company stock valued at $37,988,679 over the last 90 days. Insiders own 2.66% of the company’s stock.

WARNING: “TimesSquare Capital Management LLC Sells 14,505 Shares of Fidelity National Information Services, Inc. (FIS)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/09/08/timessquare-capital-management-llc-sells-14505-shares-of-fidelity-national-information-services-inc-fis.html.

Several equities research analysts have issued reports on the company. Robert W. Baird reissued a “buy” rating and set a $102.00 target price on shares of Fidelity National Information Services in a research note on Friday. BMO Capital Markets raised their target price on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Barclays PLC reissued an “overweight” rating and set a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, Cowen and Company reissued a “buy” rating and set a $97.00 target price on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Fidelity National Information Services currently has a consensus rating of “Buy” and a consensus price target of $92.81.

About Fidelity National Information Services

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.

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS).

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

Receive News & Stock Ratings for Fidelity National Information Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services Inc. and related stocks with our FREE daily email newsletter.