American Century Companies Inc. boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 12.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,877,181 shares of the information technology services provider’s stock after buying an additional 324,983 shares during the period. American Century Companies Inc. owned approximately 0.87% of Fidelity National Information Services worth $245,711,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of FIS. Guardian Life Insurance Co. of America boosted its stake 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. Morgan Dempsey Capital Management LLC boosted its stake in 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 during the period. Financial Architects Inc boosted its stake 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. IFP Advisors Inc boosted its stake in 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 during the period. Finally, North Star Investment Management Corp. boosted its stake in 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 during the period. Institutional investors own 86.37% of the company’s stock.
Shares of Fidelity National Information Services, Inc. (NYSE:FIS) opened at 91.25 on Friday. 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 price is $89.92 and its 200 day moving average price is $84.66. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 45.74 and a beta of 0.84.
Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current year.
Fidelity National Information Services declared that its Board of Directors has approved a share buyback plan on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase up to 13.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s payout ratio is presently 58.00%.
A number of analysts recently commented on the company. Zacks Investment Research cut Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Cowen and Company reiterated an “outperform” rating and set a $92.00 price objective (up previously from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Barclays PLC reiterated an “overweight” rating and set a $102.00 price objective (up previously from $94.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. 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. Finally, BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $92.20.
In related news, Director Frank R. Martire sold 400,000 shares of the business’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 transaction of $36,136,000.00. Following the transaction, the director now directly owns 202,517 shares of the company’s stock, valued at $18,295,385.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 2,181 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.32, for a total transaction of $196,987.92. Following the transaction, the director now directly owns 12,317 shares in the company, valued at $1,112,471.44. The disclosure for this sale can be found here. Insiders have sold 420,549 shares of company stock worth $37,988,679 over the last ninety days. 2.66% of the stock is currently owned by 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.
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