Fidelity National Information Services, Inc. (FIS) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,829 shares of the information technology services provider’s stock after selling 1,130 shares during the quarter. ProShare Advisors LLC’s holdings in Fidelity National Information Services were worth $2,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIS. Guardian Life Insurance Co. of America grew 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 purchasing an additional 9 shares during the period. Motco grew its position in shares of Fidelity National Information Services by 12.3% in the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after purchasing an additional 131 shares during the period. Morgan Dempsey Capital Management LLC grew 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 purchasing an additional 45 shares during the period. IFP Advisors Inc grew 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 purchasing an additional 84 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Fidelity National Information Services by 77.0% in the second quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 626 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Several analysts have recently issued reports on the stock. Robert W. Baird reiterated a “buy” rating and issued a $102.00 target price on shares of Fidelity National Information Services in a research report on Friday, September 8th. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Barclays PLC reiterated an “overweight” rating and issued a $102.00 target price (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. BMO Capital Markets lifted their target price on shares of 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, Cowen and Company reiterated a “buy” rating and issued a $97.00 target price 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.87.

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Fidelity National Information Services, Inc. (FIS) opened at 93.05 on Monday. The company’s 50-day moving average is $91.46 and its 200-day moving average is $86.04. Fidelity National Information Services, Inc. has a 52-week low of $73.25 and a 52-week high of $93.73. The firm has a market capitalization of $30.59 billion, a price-to-earnings ratio of 54.00 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS) last issued 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. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 EPS. Equities analysts predict that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.

Fidelity National Information Services announced that its board has initiated a stock buyback program on Wednesday, August 2nd that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

The firm 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 $0.29 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. Fidelity National Information Services’s payout ratio is 58.00%.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of the firm’s stock in a transaction dated 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 directly owns 12,317 shares of the company’s stock, valued at approximately $1,112,471.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of the firm’s 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 sale, the chief operating officer now directly owns 282,689 shares in the company, valued at $26,109,156.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 520,549 shares of company stock worth $47,224,679. 2.66% of the stock is owned by corporate insiders.

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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