Artisan Partners Limited Partnership trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,909,589 shares of the information technology services provider’s stock after selling 77,614 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.88% of Fidelity National Information Services worth $248,479,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FIS. PNC Financial Services Group Inc. boosted its stake in Fidelity National Information Services by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 270,082 shares of the information technology services provider’s stock valued at $23,066,000 after acquiring an additional 861 shares in the last quarter. Profund Advisors LLC boosted its stake in Fidelity National Information Services by 0.3% in the second quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock valued at $725,000 after acquiring an additional 28 shares in the last quarter. BT Investment Management Ltd acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $1,279,000. Amalgamated Bank boosted its stake in Fidelity National Information Services by 59.3% in the second quarter. Amalgamated Bank now owns 38,042 shares of the information technology services provider’s stock valued at $3,249,000 after acquiring an additional 14,166 shares in the last quarter. Finally, Nicholas Company Inc. boosted its stake in Fidelity National Information Services by 24.6% in the second quarter. Nicholas Company Inc. now owns 181,660 shares of the information technology services provider’s stock valued at $15,513,000 after acquiring an additional 35,855 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

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Fidelity National Information Services, Inc. (NYSE FIS) traded up 0.36% on Monday, reaching $92.34. 108,620 shares of the company were exchanged. The stock has a 50-day moving average price of $91.34 and a 200 day moving average price of $85.85. The stock has a market capitalization of $30.69 billion, a price-to-earnings ratio of 46.29 and a beta of 0.84. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $93.73.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given 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 of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is 58.00%.

Fidelity National Information Services announced that its Board of Directors has authorized a share buyback program 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 reacquire up to 13.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director Stephan A. James sold 18,368 shares of the stock in a transaction on Monday, August 14th. The shares were 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 owns 43,231 shares in the company, valued at approximately $3,896,842.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the sale, the chief operating officer now owns 282,689 shares of the company’s stock, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. Insiders sold a total of 520,549 shares of company stock worth $47,224,679 over the last ninety days. Insiders own 2.66% of the company’s stock.

Several brokerages have weighed in on FIS. Barclays PLC restated an “overweight” rating and issued a $102.00 target price (up from $94.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 9th. Stephens restated a “positive” rating and issued a $101.00 target price (up from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Cowen and Company restated a “buy” rating and issued a $97.00 target price on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Fidelity National Information Services presently has a consensus rating of “Buy” and an average target price of $92.87.

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.

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

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