Zurich Insurance Group Ltd FI raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,926 shares of the information technology services provider’s stock after buying an additional 5,687 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Fidelity National Information Services were worth $4,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIS. Guardian Life Insurance Co. of America grew its position in shares of 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. Motco boosted its stake in Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after purchasing an additional 131 shares during the period. IFP Advisors Inc boosted its stake in Fidelity National Information Services by 6.8% during the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 84 shares during the period. Advisors Asset Management Inc. boosted its stake in Fidelity National Information Services by 77.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 626 shares during the period. Finally, Acrospire Investment Management LLC acquired a new stake in Fidelity National Information Services during the 2nd quarter worth $154,000. Institutional investors own 86.71% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE FIS) traded up 0.06% during trading on Tuesday, hitting $93.39. The stock had a trading volume of 61,470 shares. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $93.86. The firm has a market cap of $31.04 billion, a P/E ratio of 46.81 and a beta of 0.85. The firm’s 50-day moving average is $92.17 and its 200-day moving average is $86.74.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. Equities research analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

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

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

In related news, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.34, for a total transaction of $36,136,000.00. Following the sale, the director now directly owns 202,517 shares in the company, valued at $18,295,385.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Services 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 sale, the chief operating officer now owns 282,689 shares in the company, valued at $26,109,156.04. The disclosure for this sale can be found here. In the last three months, insiders sold 520,549 shares of company stock valued at $47,224,679. Company insiders own 2.66% of the company’s stock.

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Several research analysts have issued reports on FIS shares. BidaskClub downgraded shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 target price on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Cowen and Company reaffirmed a “buy” rating and issued a $97.00 target price on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $102.00 target price on shares of Fidelity National Information Services in a report on Friday, September 8th. Finally, Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target 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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