Strs Ohio Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Strs Ohio raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 10.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 15,696 shares of the information technology services provider’s stock after buying an additional 1,445 shares during the period. Strs Ohio’s holdings in Fidelity National Information Services were worth $1,340,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Financial Architects Inc boosted 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 boosted 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 boosted 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 boosted 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 boosted 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. Institutional investors own 86.70% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (FIS) opened at 89.22 on Friday. The stock has a market capitalization of $29.66 billion, a price-to-earnings ratio of 44.72 and a beta of 0.84. The stock’s 50 day moving average is $88.65 and its 200-day moving average is $83.93. Fidelity National Information Services, Inc. has a 52 week low of $73.25 and a 52 week high of $92.78.

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 consensus estimate of $0.97 by $0.05. The company had revenue of $2.34 billion during 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%. Fidelity National Information Services’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. On average, analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

The company also recently announced 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 1.30%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio is currently 58.00%.

Fidelity National Information Services declared that its board has authorized a stock repurchase plan on Wednesday, August 2nd that permits the company to repurchase $4.00 billion in 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 plans are generally an indication that the company’s board of directors believes its stock is undervalued.

FIS has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, July 12th. Cantor Fitzgerald reiterated a “buy” rating and set a $89.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 2nd. Credit Suisse Group reiterated a “buy” rating and set a $88.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, April 27th. BidaskClub upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Barclays PLC reiterated a “buy” rating and set a $94.00 price objective on shares of Fidelity National Information Services in a research report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $92.20.

In other Fidelity National Information Services news, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.32, for a total value 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 approximately $1,112,471.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction dated 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 of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 403,181 shares of company stock valued at $36,418,378. 2.66% of the stock is currently owned by corporate 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.