Eagle Asset Management Inc. Acquires 127 Shares of Fidelity National Information Services, Inc. (FIS)

Eagle Asset Management Inc. raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,796 shares of the information technology services provider’s stock after purchasing an additional 127 shares during the period. Eagle Asset Management Inc.’s holdings in Fidelity National Information Services were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Guardian Life Insurance Co. of America boosted its holdings in Fidelity National Information Services by 0.7% in the 1st 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 purchasing an additional 9 shares during the period. Private Trust Co. NA lifted its holdings in shares of Fidelity National Information Services by 0.4% during the 2nd quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock worth $425,000 after acquiring an additional 20 shares during the period. Ronald Blue & Co. LLC lifted its holdings in shares of Fidelity National Information Services by 0.9% during the 1st quarter. Ronald Blue & Co. LLC now owns 4,188 shares of the information technology services provider’s stock worth $333,000 after acquiring an additional 37 shares during the period. Intrust Bank NA lifted its holdings in shares of Fidelity National Information Services by 0.3% during the 1st quarter. Intrust Bank NA now owns 14,909 shares of the information technology services provider’s stock worth $1,187,000 after acquiring an additional 45 shares during the period. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 3.6% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock worth $104,000 after acquiring an additional 45 shares during the period. 86.97% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed an “outperform” rating and set a $92.00 price target (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 set a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. BidaskClub raised shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $94.00 price target (up previously from $92.00) on shares of Fidelity National Information Services in a report on Friday, June 16th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Fidelity National Information Services presently has an average rating of “Buy” and an average target price of $92.87.

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In other Fidelity National Information Services news, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction that occurred on 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 completion of 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 at the SEC website. Also, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services 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 sale, the director now owns 12,317 shares of the company’s stock, valued at $1,112,471.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 520,549 shares of company stock valued at $47,224,679. 2.66% of the stock is currently owned by company insiders.

Fidelity National Information Services, Inc. (NYSE FIS) opened at 93.33 on Wednesday. The firm has a market capitalization of $31.02 billion, a PE ratio of 46.78 and a beta of 0.84. The company’s 50-day moving average is $91.10 and its 200-day moving average is $85.62. Fidelity National Information Services, Inc. has a 52-week low of $73.25 and a 52-week high of $93.73.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, beating the 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 analyst estimates of $2.34 billion. During the same period in the previous year, the business posted $0.90 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 annualized dividend and a yield of 1.24%. Fidelity National Information Services’s payout ratio is presently 58.00%.

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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