Benjamin F. Edwards & Company Inc. held its position in Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,135 shares of the information technology services provider’s stock at the end of the second quarter. Benjamin F. Edwards & Company Inc.’s holdings in Fidelity National Information Services were worth $695,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. FineMark National Bank & Trust increased its stake in shares of Fidelity National Information Services by 1.7% in the second quarter. FineMark National Bank & Trust now owns 3,905 shares of the information technology services provider’s stock valued at $333,000 after buying an additional 64 shares during the last quarter. Strs Ohio increased its stake in Fidelity National Information Services by 10.1% in the second quarter. Strs Ohio now owns 15,696 shares of the information technology services provider’s stock valued at $1,340,000 after buying an additional 1,445 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Fidelity National Information Services by 1.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 25,908 shares of the information technology services provider’s stock valued at $2,212,000 after buying an additional 277 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of Fidelity National Information Services by 110.3% in the second quarter. Shell Asset Management Co. now owns 75,284 shares of the information technology services provider’s stock worth $6,429,000 after buying an additional 39,483 shares during the period. Finally, Somerville Kurt F purchased a new stake in shares of Fidelity National Information Services during the second quarter worth $213,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fidelity National Information Services, Inc. (FIS) traded up 0.29% during mid-day trading on Friday, reaching $89.83. The company had a trading volume of 3,093,610 shares. The company has a market capitalization of $29.86 billion, a price-to-earnings ratio of 45.03 and a beta of 0.84. Fidelity National Information Services, Inc. has a 12 month low of $73.25 and a 12 month high of $92.78. The firm’s 50-day moving average is $89.40 and its 200 day moving average is $84.31.
Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a net margin of 7.08% and a return on equity of 13.49%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm earned $0.90 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s payout ratio is 58.00%.
Fidelity National Information Services declared that its Board of Directors has approved a share repurchase program on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 13.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
FIS has been the subject of a number of research analyst reports. BidaskClub downgraded Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Deutsche Bank AG restated a “hold” rating and set a $89.00 price objective (up previously from $80.00) on shares of Fidelity National Information Services in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Thursday, May 4th. Barclays PLC restated 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. Finally, Cowen and Company reiterated an “outperform” rating and set a $92.00 price target (up previously from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $92.20.
In other news, Director James B. Stallings, Jr. sold 1,000 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $85.39, for a total transaction of $85,390.00. Following the sale, the director now owns 14,498 shares in the company, valued at approximately $1,237,984.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephan A. James sold 18,368 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the sale, the director now owns 43,231 shares in the company, valued at approximately $3,896,842.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 421,549 shares of company stock valued at $38,074,069. Insiders own 2.66% of the company’s stock.
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.
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