Associated Banc Corp trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,924 shares of the information technology services provider’s stock after selling 745 shares during the quarter. Associated Banc Corp’s holdings in Fidelity National Information Services were worth $1,872,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America grew its holdings 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 valued at $101,000 after purchasing an additional 9 shares during the period. Motco lifted its position 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 valued at $102,000 after buying an additional 131 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its position 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 valued at $104,000 after buying an additional 45 shares in the last quarter. IFP Advisors Inc lifted its position 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 valued at $112,000 after buying an additional 84 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position 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 valued at $123,000 after buying an additional 626 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

A number of research analysts have weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $102.00 price target on shares of Fidelity National Information Services in a research report on Friday, September 8th. BidaskClub raised shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Barclays PLC reissued an “overweight” rating and set a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BMO Capital Markets boosted their target price on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. 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 report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $92.87.

In other news, Director Frank R. Martire sold 400,000 shares of the firm’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 transaction, the director now owns 202,517 shares in the company, valued at $18,295,385.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the transaction, the chief operating officer now owns 282,689 shares in the company, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. Insiders sold 520,549 shares of company stock worth $47,224,679 in the last 90 days. Corporate insiders own 2.66% of the company’s stock.

Fidelity National Information Services, Inc. (FIS) traded down 0.20% on Thursday, hitting $91.95. The company had a trading volume of 98,824 shares. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $93.73. The stock has a market capitalization of $30.57 billion, a PE ratio of 46.09 and a beta of 0.84. The stock has a 50 day moving average of $91.19 and a 200-day moving average of $85.68.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, beating 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 analyst estimates of $2.34 billion. During the same quarter last year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

Fidelity National Information Services declared that its board has authorized a share buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend yield of 1.26%. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

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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.

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

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