TimesSquare Capital Management LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,116,705 shares of the information technology services provider’s stock after selling 49,105 shares during the quarter. TimesSquare Capital Management LLC owned about 0.33% of Fidelity National Information Services worth $104,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BB&T Investment Services Inc. acquired a new stake in Fidelity National Information Services during the second quarter worth about $103,000. WFG Advisors LP increased its stake in Fidelity National Information Services by 99.8% during the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after acquiring an additional 593 shares during the last quarter. Motco increased its stake in Fidelity National Information Services by 12.3% during the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after acquiring an additional 131 shares during the last quarter. IFP Advisors Inc increased its stake in Fidelity National Information Services by 6.8% during the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after acquiring an additional 84 shares during the last quarter. Finally, Rockefeller Financial Services Inc. acquired a new stake in Fidelity National Information Services during the third quarter worth about $128,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

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Several equities research analysts have commented on the company. Barclays PLC restated an “overweight” rating and set a $102.00 price target (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 set a $101.00 price target (up from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. BidaskClub lowered 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 Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Cowen and Company reiterated 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 investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $99.20.

In related news, EVP Gregory G. Montana sold 58,547 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $92.54, for a total value of $5,417,939.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the transaction, 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. Insiders sold 167,033 shares of company stock valued at $15,433,548 in the last three months. 2.66% of the stock is currently owned by company insiders.

Fidelity National Information Services, Inc. (NYSE FIS) traded down $0.15 during mid-day trading on Thursday, hitting $91.59. The stock had a trading volume of 792,500 shares, compared to its average volume of 1,529,242. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Fidelity National Information Services, Inc. has a fifty-two week low of $73.97 and a fifty-two week high of $96.67. The firm has a market capitalization of $30,530.00, a price-to-earnings ratio of 21.84, a P/E/G ratio of 1.73 and a beta of 0.88.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Information Services’s dividend payout ratio is currently 72.05%.

Fidelity National Information Services declared that its Board of Directors has approved 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 reacquire up to 13.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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.

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

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