QS Investors LLC Has $1.04 Million Stake in Fidelity National Information Services, Inc. (FIS)

QS Investors LLC lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,140 shares of the information technology services provider’s stock after acquiring an additional 677 shares during the quarter. QS Investors LLC’s holdings in Fidelity National Information Services were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its stake in 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 acquiring an additional 20,394,426 shares during the period. Voya Investment Management LLC grew its stake in 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 acquiring an additional 1,297,225 shares during the period. Crescent Grove Advisors LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $106,333,000. Findlay Park Partners LLP acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $85,400,000. Finally, Janus Capital Management LLC grew its stake in Fidelity National Information Services by 23.7% in the first quarter. Janus Capital Management LLC now owns 5,127,324 shares of the information technology services provider’s stock valued at $408,238,000 after acquiring an additional 983,896 shares during the period. Institutional investors own 86.71% of the company’s stock.

FIS has been the subject of a number of research reports. Cowen and Company reissued a “buy” rating and issued a $97.00 price objective on shares of Fidelity National Information Services in a research note 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 reaffirmed an “outperform” rating and set a $108.00 target price (up previously from $102.00) on shares of Fidelity National Information Services in a research report on Tuesday. BMO Capital Markets lifted their target price 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 reaffirmed a “positive” rating and set a $101.00 target price (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $94.67.

In other Fidelity National Information Services news, 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 of the company’s stock, valued at $26,109,156.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephan A. James sold 18,368 shares of the firm’s 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 sale, 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 sold 520,549 shares of company stock worth $47,224,679. 2.66% of the stock is owned by insiders.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 94.61 on Friday. The firm has a 50 day moving average price of $92.95 and a 200 day moving average price of $87.43. The company has a market capitalization of $31.45 billion, a price-to-earnings ratio of 47.42 and a beta of 0.85. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $94.99.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. Equities 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 of Directors has initiated a stock buyback program on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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

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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.

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

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