Stack Financial Management Inc Sells 330 Shares of Fidelity National Information Services, Inc. (FIS)

Stack Financial Management Inc cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,950 shares of the information technology services provider’s stock after selling 330 shares during the period. Fidelity National Information Services makes up 1.7% of Stack Financial Management Inc’s investment portfolio, making the stock its 28th largest position. Stack Financial Management Inc owned about 0.06% of Fidelity National Information Services worth $16,307,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Architects Inc increased its position in Fidelity National Information Services by 0.7% in the first quarter. Financial Architects Inc now owns 1,327 shares of the information technology services provider’s stock worth $106,000 after buying an additional 9 shares during the period. Guardian Life Insurance Co. of America increased its position in 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 worth $101,000 after buying an additional 9 shares during the period. Huntington National Bank increased its position in Fidelity National Information Services by 1.0% in the first quarter. Huntington National Bank now owns 1,950 shares of the information technology services provider’s stock worth $155,000 after buying an additional 20 shares during the period. Private Trust Co. NA increased 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 worth $425,000 after buying an additional 20 shares during the period. Finally, Ronald Blue & Co. LLC increased 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 worth $333,000 after buying an additional 37 shares during the period. 86.70% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services, Inc. (NYSE:FIS) traded down 0.62% during midday trading on Tuesday, reaching $89.99. 953,663 shares of the company’s stock were exchanged. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $92.78. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 45.11 and a beta of 0.84. The firm has a 50-day moving average price of $87.99 and a 200 day moving average price of $83.57.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. Fidelity National Information Services’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. Analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.29%. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

Fidelity National Information Services announced that its Board of Directors has approved a stock 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 reacquire up to 13.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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A number of research firms have recently weighed in on FIS. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub raised shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Barclays PLC reaffirmed an “overweight” rating and issued a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. BMO Capital Markets upped their price target on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $92.20.

In other news, insider Gary Norcross sold 158,122 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $83.24, for a total transaction of $13,162,075.28. Following the transaction, the insider now directly owns 465,821 shares in the company, valued at approximately $38,774,940.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $85.39, for a total transaction of $85,390.00. Following the transaction, the director now owns 14,498 shares in the company, valued at $1,237,984.22. The disclosure for this sale can be found here. Insiders have sold a total of 631,970 shares of company stock worth $55,447,228 over the last 90 days. 2.66% of the stock is owned by company insiders.

About Fidelity National Information Services

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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