Fidelity National Information Services, Inc. (FIS) Shares Bought by Citigroup Inc.

Citigroup Inc. grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 113.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,814 shares of the information technology services provider’s stock after purchasing an additional 102,632 shares during the period. Citigroup Inc. owned approximately 0.06% of Fidelity National Information Services worth $16,466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FIS. UBS Asset Management Americas Inc. boosted its position in shares of Fidelity National Information Services by 3.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,028,889 shares of the information technology services provider’s stock worth $81,920,000 after purchasing an additional 37,830 shares in the last quarter. Commerce Bank boosted its position in shares of Fidelity National Information Services by 0.9% during the 1st quarter. Commerce Bank now owns 395,216 shares of the information technology services provider’s stock worth $31,468,000 after purchasing an additional 3,403 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Fidelity National Information Services by 29.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,389 shares of the information technology services provider’s stock worth $1,942,000 after purchasing an additional 5,573 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Fidelity National Information Services by 10.4% during the 1st quarter. Ameriprise Financial Inc. now owns 4,801,010 shares of the information technology services provider’s stock worth $382,257,000 after purchasing an additional 451,197 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Fidelity National Information Services by 57.0% during the 1st quarter. Toronto Dominion Bank now owns 91,168 shares of the information technology services provider’s stock worth $7,259,000 after purchasing an additional 33,083 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

In related news, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Services stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the transaction, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephan A. James sold 18,368 shares of Fidelity National Information Services stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total value of $1,655,691.52. Following the transaction, the director now directly owns 43,231 shares in the company, valued at $3,896,842.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 520,549 shares of company stock worth $47,224,679. 2.66% of the stock is owned by corporate insiders.

FIS has been the topic of several research analyst reports. BidaskClub lowered shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Cowen and Company restated an “outperform” rating and set a $92.00 target price (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Stephens restated a “positive” rating and set a $101.00 target price (up from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets restated an “outperform” rating and set a $94.00 target price (up from $92.00) on shares of Fidelity National Information Services in a research report on Friday, June 16th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $92.87.

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Fidelity National Information Services, Inc. (NYSE FIS) remained flat at $92.77 during midday trading on Wednesday. The stock had a trading volume of 224,323 shares. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $93.73. The firm’s 50-day moving average price is $91.46 and its 200 day moving average price is $86.04. The stock has a market capitalization of $30.84 billion, a PE ratio of 46.50 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. Fidelity National Information Services’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Analysts expect 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 authorized a share buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the information technology services provider to buy up to 13.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s payout ratio is currently 58.00%.

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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