Strategy Asset Managers LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,576 shares of the information technology services provider’s stock, valued at approximately $2,762,000.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Fidelity National Information Services by 10.5% during the second quarter. BlackRock Inc. now owns 23,234,161 shares of the information technology services provider’s stock worth $1,984,199,000 after acquiring an additional 2,208,363 shares during the period. Vanguard Group Inc. grew its holdings in Fidelity National Information Services by 3.3% during the second quarter. Vanguard Group Inc. now owns 22,545,037 shares of the information technology services provider’s stock worth $1,925,346,000 after acquiring an additional 726,796 shares during the period. Longview Partners Guernsey LTD grew its holdings in Fidelity National Information Services by 5.5% during the third quarter. Longview Partners Guernsey LTD now owns 10,025,942 shares of the information technology services provider’s stock worth $936,323,000 after acquiring an additional 521,300 shares during the period. Wells Fargo & Company MN grew its holdings in Fidelity National Information Services by 4.8% during the second quarter. Wells Fargo & Company MN now owns 5,380,794 shares of the information technology services provider’s stock worth $459,519,000 after acquiring an additional 245,431 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Fidelity National Information Services by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 4,870,184 shares of the information technology services provider’s stock worth $415,887,000 after acquiring an additional 69,174 shares during the period. 86.15% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on FIS shares. Cowen and Company reaffirmed a “buy” rating and set a $97.00 target price on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Robert W. Baird reaffirmed an “outperform” rating and set a $108.00 target price (up from $102.00) on shares of Fidelity National Information Services in a report on Tuesday, October 10th. BMO Capital Markets raised their target price on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, Stephens reaffirmed a “positive” rating and set a $101.00 target price (up from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $98.38.

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In other news, COO Anthony M. Jabbour sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $92.36, for a total value of $9,236,000.00. Following the transaction, the chief operating officer now owns 282,689 shares in the company, valued at $26,109,156.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James B. Stallings, Jr. sold 8,486 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $91.87, for a total value of $779,608.82. Following the completion of the transaction, the director now owns 12,317 shares in the company, valued at approximately $1,131,562.79. The disclosure for this sale can be found here. Company insiders own 2.66% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) traded up $0.24 on Monday, reaching $92.76. The company’s stock had a trading volume of 1,800,100 shares, compared to its average volume of 1,518,214. The firm has a market capitalization of $31,010.00, a price-to-earnings ratio of 22.09, a P/E/G ratio of 1.75 and a beta of 0.88. Fidelity National Information Services, Inc. has a one year low of $73.97 and a one year high of $96.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.25.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.12. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.22 billion. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. analysts anticipate that Fidelity National Information Services, Inc. will post 4.41 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.29 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 72.05%.

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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