FUKOKU MUTUAL LIFE INSURANCE Co held its stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,700 shares of the information technology services provider’s stock at the end of the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Fidelity National Information Services were worth $401,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Asset Management Americas Inc. grew its stake in shares of Fidelity National Information Services by 3.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,028,889 shares of the information technology services provider’s stock worth $81,920,000 after acquiring an additional 37,830 shares during the last quarter. Martingale Asset Management L P increased its position in Fidelity National Information Services by 78.7% during the first quarter. Martingale Asset Management L P now owns 15,216 shares of the information technology services provider’s stock worth $1,212,000 after acquiring an additional 6,700 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Fidelity National Information Services during the first quarter worth $2,637,000. M&T Bank Corp increased its position in Fidelity National Information Services by 14.8% during the first quarter. M&T Bank Corp now owns 75,952 shares of the information technology services provider’s stock worth $6,047,000 after acquiring an additional 9,784 shares during the period. Finally, Quantbot Technologies LP bought a new position in Fidelity National Information Services during the first quarter worth $6,827,000. 86.71% of the stock is owned by institutional investors.

In other Fidelity National Information Services news, Director Frank R. Martire sold 400,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the completion of the sale, the director now owns 202,517 shares of the company’s stock, valued at approximately $18,295,385.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly 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. Over the last ninety days, insiders have sold 520,549 shares of company stock worth $47,224,679. 2.66% of the stock is owned by insiders.

A number of brokerages have weighed in on FIS. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company restated an “outperform” rating and set a $92.00 price objective (up previously from $90.00) on shares of Fidelity National Information Services in a report on Monday, July 10th. Barclays PLC restated an “overweight” rating and set a $102.00 price objective (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 report on Wednesday, July 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $94.00 price objective (up previously from $92.00) on shares of Fidelity National Information Services in a research report on Friday, June 16th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Fidelity National Information Services has a consensus rating of “Buy” and a consensus price target of $92.87.

Fidelity National Information Services, Inc. (FIS) traded down 0.11% during midday trading on Monday, reaching $93.29. The company’s stock had a trading volume of 354,022 shares. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $93.86. The firm has a 50 day moving average price of $91.46 and a 200-day moving average price of $86.04. The firm has a market cap of $31.01 billion, a P/E ratio of 46.76 and a beta of 0.85.

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, topping the Zacks’ 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 quarter last year, the firm earned $0.90 earnings per share. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

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Fidelity National Information Services 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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