Edgestream Partners L.P. Has $350,000 Position in Fidelity National Information Services, Inc. (FIS)

Edgestream Partners L.P. cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 72.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,098 shares of the information technology services provider’s stock after selling 10,820 shares during the period. Edgestream Partners L.P.’s holdings in Fidelity National Information Services were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Guardian Life Insurance Co. of America increased its position in shares of Fidelity National Information Services by 0.7% during 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 in the last quarter. Private Trust Co. NA grew its position in Fidelity National Information Services by 0.4% in 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 purchasing an additional 20 shares in the last quarter. Ronald Blue & Co. LLC grew its position in Fidelity National Information Services by 0.9% in the first quarter. Ronald Blue & Co. LLC now owns 4,188 shares of the information technology services provider’s stock valued at $333,000 after purchasing an additional 37 shares in the last quarter. Intrust Bank NA grew its position in Fidelity National Information Services by 0.3% in the first quarter. Intrust Bank NA now owns 14,909 shares of the information technology services provider’s stock valued at $1,187,000 after purchasing an additional 45 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC grew its position in 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 in the last quarter. 86.97% of the stock is owned by institutional investors.

In other Fidelity National Information Services news, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $26,109,156.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephan A. James sold 18,368 shares of the stock in a transaction on 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 approximately $3,896,842.34. The disclosure for this sale can be found here. Insiders sold a total of 520,549 shares of company stock worth $47,224,679 in the last ninety days. 2.66% of the stock is currently owned by corporate insiders.

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A number of research firms recently weighed in on FIS. Robert W. Baird reaffirmed 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 note on Thursday, August 24th. BMO Capital Markets increased their price target on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Cowen and Company reiterated a “buy” rating and issued a $97.00 price target on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Finally, Stephens reiterated a “positive” rating and issued a $101.00 price target (up previously from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $92.87.

Shares of Fidelity National Information Services, Inc. (NYSE FIS) traded down 0.25% during mid-day trading on Friday, reaching $91.88. 802,250 shares of the company’s stock traded hands. Fidelity National Information Services, Inc. has a 12-month low of $73.25 and a 12-month high of $93.73. The company has a market cap of $30.54 billion, a P/E ratio of 46.06 and a beta of 0.84. The firm has a 50-day moving average of $91.31 and a 200 day moving average of $85.78.

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 for the quarter, beating the Thomson Reuters’ 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

Fidelity National Information Services announced that its Board of Directors has authorized a share repurchase program on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the information technology services provider to repurchase up to 13.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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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