Blair William & Co. IL Buys 8,234 Shares of Fidelity National Information Services, Inc. (FIS)

Blair William & Co. IL increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 114,186 shares of the information technology services provider’s stock after buying an additional 8,234 shares during the period. Blair William & Co. IL’s holdings in Fidelity National Information Services were worth $9,751,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FIS. Guardian Life Insurance Co. of America boosted its position in shares of Fidelity National Information Services by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,266 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 9 shares during the period. Morgan Dempsey Capital Management LLC boosted its position in shares of Fidelity National Information Services by 3.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 45 shares during the period. Financial Architects Inc boosted its position in shares of Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 9 shares during the period. IFP Advisors Inc boosted its position in shares of Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 84 shares during the period. Finally, North Star Investment Management Corp. boosted its position in shares of Fidelity National Information Services by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock valued at $116,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 86.37% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 89.83 on Monday. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $92.78. The stock’s 50 day moving average price is $89.40 and its 200 day moving average price is $84.31. The stock has a market cap of $29.86 billion, a price-to-earnings ratio of 45.03 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has approved a share buyback plan 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 buy up to 13.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

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Several equities analysts recently issued reports on the company. Zacks Investment Research cut Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Cowen and Company reaffirmed an “outperform” rating and issued 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 reaffirmed an “overweight” rating and issued a $102.00 price objective (up previously from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Fidelity National Information Services in a report on Thursday, April 27th. Finally, BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $92.20.

In related news, Director Stephan A. James sold 18,368 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the transaction, the director now owns 43,231 shares in the company, valued at $3,896,842.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the director now owns 12,317 shares in the company, valued at approximately $1,112,471.44. The disclosure for this sale can be found here. Insiders have sold 421,549 shares of company stock worth $38,074,069 in the last quarter. Company insiders own 2.66% of the company’s stock.

Fidelity National Information Services Company 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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