Fidelity National Information Services, Inc. (NYSE:FIS) Stake Raised by State of Tennessee Treasury Department

State of Tennessee Treasury Department raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,417 shares of the information technology services provider’s stock after acquiring an additional 635 shares during the quarter. State of Tennessee Treasury Department’s holdings in Fidelity National Information Services were worth $7,722,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FIS. BlackRock Inc. lifted its holdings 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. Crescent Grove Advisors LLC acquired a new position in Fidelity National Information Services in the second quarter valued at approximately $106,333,000. Janus Capital Management LLC lifted its holdings 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. Massachusetts Financial Services Co. MA lifted its holdings in Fidelity National Information Services by 4.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock valued at $1,462,643,000 after acquiring an additional 845,325 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Fidelity National Information Services by 20.8% in the second quarter. Principal Financial Group Inc. now owns 4,444,315 shares of the information technology services provider’s stock valued at $379,543,000 after acquiring an additional 766,221 shares during the period. 86.71% of the stock is owned by institutional investors.

FIS has been the subject of a number of analyst reports. BidaskClub downgraded Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $96.00 price target on shares of Fidelity National Information Services in a report on Wednesday, July 12th. Cowen and Company reaffirmed a “buy” rating and set a $97.00 target price on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $102.00 target price on shares of Fidelity National Information Services in a research note on Friday, September 8th. Finally, Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Four equities research 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. Fidelity National Information Services has a consensus rating of “Buy” and a consensus target price of $92.87.

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Shares of Fidelity National Information Services, Inc. (NYSE FIS) opened at 93.05 on Friday. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $93.73. The stock has a market capitalization of $30.59 billion, a PE ratio of 54.00 and a beta of 0.84. The company’s 50 day moving average price is $91.46 and its 200 day moving average price is $86.04.

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

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued 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 yield of 1.25%. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

In related news, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.32, for a total transaction of $196,987.92. Following the completion of the transaction, the director now directly owns 12,317 shares of the company’s stock, valued at $1,112,471.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of Fidelity National Information Services 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 directly owns 282,689 shares of the company’s stock, 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 currently owned by 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.

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

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