Boston Partners Sells 155,678 Shares of Fidelity National Information Services, Inc. (FIS)

Boston Partners decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,833,201 shares of the information technology services provider’s stock after selling 155,678 shares during the period. Boston Partners’ holdings in Fidelity National Information Services were worth $412,756,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its position in shares of 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 in the last quarter. Morgan Dempsey Capital Management LLC raised its position in shares of 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 worth $104,000 after buying an additional 45 shares in the last quarter. IFP Advisors Inc raised its position in shares of Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares in the last quarter. Financial Architects Inc raised its position in shares of 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 in the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of Fidelity National Information Services by 5.4% in the first quarter. North Star Investment Management Corp. now owns 1,457 shares of the information technology services provider’s stock worth $116,000 after buying an additional 75 shares in the last quarter. 86.70% of the stock is owned by institutional investors.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 89.39 on Thursday. Fidelity National Information Services, Inc. has a 12-month low of $73.25 and a 12-month high of $92.78. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 44.81 and a beta of 0.84. The firm has a 50-day moving average price of $88.40 and a 200-day moving average price of $83.83.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

Fidelity National Information Services declared that its board has approved a stock repurchase plan 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 buy up to 13.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s payout ratio is 58.00%.

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A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Barclays PLC reissued an “overweight” rating and set a $102.00 price objective (up previously from $94.00) on shares of Fidelity National Information Services in a report on Wednesday. Stephens reissued a “positive” rating and set a $101.00 price objective (up previously from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub lowered Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.20.

In other news, Director James B. Stallings, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $85.39, for a total value of $85,390.00. Following the transaction, the director now owns 14,498 shares of the company’s stock, valued at $1,237,984.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the completion of the transaction, the director now directly owns 202,517 shares in the company, valued at approximately $18,295,385.78. The disclosure for this sale can be found here. Insiders sold 403,181 shares of company stock worth $36,418,378 in the last ninety days. 2.66% of the stock is owned by company 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.

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

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