Fidelity National Information Services, Inc. (FIS) Shares Sold by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 35.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,951 shares of the information technology services provider’s stock after selling 41,424 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Fidelity National Information Services were worth $6,570,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FIS. BlackRock Inc. lifted its holdings in shares of Fidelity National Information Services by 3,230.2% in the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock valued at $1,674,072,000 after buying an additional 20,394,426 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Fidelity National Information Services by 253.1% in the second quarter. Janus Henderson Group PLC now owns 4,500,969 shares of the information technology services provider’s stock valued at $384,370,000 after buying an additional 3,226,198 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Fidelity National Information Services by 80.3% in the second quarter. Voya Investment Management LLC now owns 2,912,478 shares of the information technology services provider’s stock valued at $248,726,000 after buying an additional 1,297,225 shares during the period. Crescent Grove Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at $106,333,000. Finally, Findlay Park Partners LLP acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at $85,400,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 94.61 on Wednesday. The stock has a market capitalization of $31.45 billion, a P/E ratio of 47.42 and a beta of 0.85. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $94.95. The stock’s 50 day moving average price is $92.77 and its 200 day moving average price is $87.33.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping 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 business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

Fidelity National Information Services declared that its board has authorized a stock buyback program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 13.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the transaction, the director now directly owns 12,317 shares in the company, valued at $1,112,471.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $9,236,000.00. Following the transaction, the chief operating officer now 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 ninety days, insiders have sold 520,549 shares of company stock valued at $47,224,679. 2.66% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: This report was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/fidelity-national-information-services-inc-fis-shares-sold-by-cornerstone-capital-management-holdings-llc.html.

FIS has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $94.00 price objective (up previously from $92.00) on shares of Fidelity National Information Services in a report on Friday, June 16th. BidaskClub upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Cowen and Company restated 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. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target

Several other institutional investors have also recently made changes to their positions in FIS. BlackRock Inc. lifted its holdings in shares of Fidelity National Information Services by 3,230.2% in the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock valued at $1,674,072,000 after buying an additional 20,394,426 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Fidelity National Information Services by 253.1% in the second quarter. Janus Henderson Group PLC now owns 4,500,969 shares of the information technology services provider’s stock valued at $384,370,000 after buying an additional 3,226,198 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Fidelity National Information Services by 80.3% in the second quarter. Voya Investment Management LLC now owns 2,912,478 shares of the information technology services provider’s stock valued at $248,726,000 after buying an additional 1,297,225 shares during the period. Crescent Grove Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at $106,333,000. Finally, Findlay Park Partners LLP acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at $85,400,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 94.61 on Wednesday. The stock has a market capitalization of $31.45 billion, a P/E ratio of 47.42 and a beta of 0.85. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $94.95. The stock’s 50 day moving average price is $92.77 and its 200 day moving average price is $87.33.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping 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 business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

Fidelity National Information Services declared that its board has authorized a stock buyback program on Wednesday, August 2nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 13.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the transaction, the director now directly owns 12,317 shares in the company, valued at $1,112,471.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $9,236,000.00. Following the transaction, the chief operating officer now 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 ninety days, insiders have sold 520,549 shares of company stock valued at $47,224,679. 2.66% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: This report was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/fidelity-national-information-services-inc-fis-shares-sold-by-cornerstone-capital-management-holdings-llc.html.

FIS has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $94.00 price objective (up previously from $92.00) on shares of Fidelity National Information Services in a report on Friday, June 16th. BidaskClub upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Cowen and Company restated 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. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $94.67.

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.

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

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