ETF Managers Group LLC acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 79,986 shares of the information technology services provider’s stock, valued at approximately $6,883,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIS. UBS Asset Management Americas Inc. lifted its position 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 buying an additional 37,830 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Fidelity National Information Services by 2.2% in the first quarter. SG Americas Securities LLC now owns 77,681 shares of the information technology services provider’s stock worth $6,185,000 after buying an additional 1,709 shares during the last quarter. Clinton Group Inc. lifted its position in shares of Fidelity National Information Services by 97.2% in the first quarter. Clinton Group Inc. now owns 137,423 shares of the information technology services provider’s stock worth $10,942,000 after buying an additional 67,719 shares during the last quarter. Cipher Capital LP lifted its position in shares of Fidelity National Information Services by 119.0% in the first quarter. Cipher Capital LP now owns 111,333 shares of the information technology services provider’s stock worth $8,864,000 after buying an additional 60,491 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Fidelity National Information Services by 6.8% in the first quarter. Victory Capital Management Inc. now owns 3,466,380 shares of the information technology services provider’s stock worth $275,993,000 after buying an additional 219,859 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the company. Barclays PLC reaffirmed an “overweight” rating and issued a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Wednesday, August 9th. Zacks Investment Research raised Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Tuesday. Stephens reaffirmed a “positive” rating and issued a $101.00 price target (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BidaskClub cut Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $97.00 price target on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $94.27.

Fidelity National Information Services, Inc. (NYSE FIS) traded down 0.13% during trading on Thursday, hitting $93.59. The stock had a trading volume of 172,075 shares. The stock has a 50 day moving average price of $92.34 and a 200 day moving average price of $86.87. The company has a market capitalization of $31.11 billion, a price-to-earnings ratio of 46.91 and a beta of 0.85. Fidelity National Information Services, Inc. has a 12-month low of $73.25 and a 12-month high of $93.94.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the business posted $0.90 EPS. Fidelity National Information Services’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 earnings per share for the current year.

Fidelity National Information Services declared that its Board of Directors has approved a stock buyback program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

The company also recently announced 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 yield of 1.24%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 58.00%.

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In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.32, for a total transaction of $196,987.92. Following the completion of the sale, the director now directly owns 12,317 shares in the company, valued at $1,112,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $36,136,000.00. Following the sale, the director now owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Insiders sold a total of 520,549 shares of company stock valued at $47,224,679 over the last quarter. 2.66% of the stock is currently owned by company insiders.

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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