Sentry Investment Management LLC Has $1,841,000 Stake in Fidelity National Information Services, Inc. (FIS)

Sentry Investment Management LLC held its stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,553 shares of the information technology services provider’s stock at the end of the 2nd quarter. Sentry Investment Management LLC’s holdings in Fidelity National Information Services were worth $1,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Guardian Life Insurance Co. of America lifted its stake in 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 worth $101,000 after acquiring an additional 9 shares during the period. Private Trust Co. NA lifted its position in Fidelity National Information Services by 0.4% during the second quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock valued at $425,000 after buying an additional 20 shares during the period. Profund Advisors LLC lifted its position in Fidelity National Information Services by 0.3% during the second quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock valued at $725,000 after buying an additional 28 shares during the period. Pictet North America Advisors SA lifted its position in Fidelity National Information Services by 1.4% during the second quarter. Pictet North America Advisors SA now owns 3,346 shares of the information technology services provider’s stock valued at $286,000 after buying an additional 46 shares during the period. Finally, Cleararc Capital Inc. lifted its position in Fidelity National Information Services by 0.6% during the first quarter. Cleararc Capital Inc. now owns 8,042 shares of the information technology services provider’s stock valued at $640,000 after buying an additional 48 shares during the period. 86.64% of the stock is owned by institutional investors.

Fidelity National Information Services, Inc. (NYSE FIS) traded down 0.53% during midday trading on Tuesday, reaching $94.71. The company had a trading volume of 148,605 shares. Fidelity National Information Services, Inc. has a 1-year low of $73.25 and a 1-year high of $95.24. The company has a market capitalization of $31.48 billion, a P/E ratio of 47.47 and a beta of 0.85. The firm has a 50-day moving average of $93.11 and a 200 day moving average of $87.64.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business posted $0.90 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

Fidelity National Information Services announced that its board 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 purchase up to 13.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

In other Fidelity National Information Services news, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now directly 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 available at this link. Also, Director Stephan A. James sold 18,368 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $90.14, for a total value of $1,655,691.52. Following the completion of the sale, the director now owns 43,231 shares of the company’s stock, valued at $3,896,842.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 520,549 shares of company stock valued at $47,224,679. 2.66% of the stock is currently owned by company insiders.

Several equities analysts have commented on FIS shares. Cowen and Company reissued a “buy” rating and set a $97.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Robert W. Baird reissued an “outperform” rating and set a $108.00 price objective (up previously from $102.00) on shares of Fidelity National Information Services in a research report on Tuesday, October 10th. BMO Capital Markets raised their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Finally, Stephens reissued a “positive” rating and set a $101.00 price objective (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $94.67.

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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.

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

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