Fidelity National Information Services, Inc. (FIS) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,113 shares of the information technology services provider’s stock after buying an additional 510 shares during the period. State of Alaska Department of Revenue’s holdings in Fidelity National Information Services were worth $436,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Financial Architects Inc raised 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 valued at $106,000 after buying an additional 9 shares during the last quarter. Guardian Life Insurance Co. of America raised 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 valued at $101,000 after buying an additional 9 shares during the last quarter. Huntington National Bank raised its stake 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 valued at $155,000 after buying an additional 20 shares during the last quarter. Private Trust Co. NA raised its stake 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 valued at $425,000 after buying an additional 20 shares during the last quarter. Finally, Ronald Blue & Co. LLC raised its stake 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 valued at $333,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.

Fidelity National Information Services, Inc. (FIS) traded up 0.29% during midday trading on Friday, reaching $89.83. 3,093,610 shares of the company’s stock traded hands. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $92.78. The stock has a market cap of $29.86 billion, a PE ratio of 45.03 and a beta of 0.84. The stock’s 50 day moving average price is $89.40 and its 200-day moving average price is $84.31.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results 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 business had revenue of $2.34 billion for 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%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.90 earnings per share. Equities 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 initiated a stock repurchase program 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 repurchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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. The ex-dividend date is Thursday, September 14th. This represents a $1.16 annualized dividend and a yield of 1.29%. Fidelity National Information Services’s payout ratio is 58.00%.

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Several research firms have recently issued reports on FIS. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BMO Capital Markets boosted their price target on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Barclays PLC reissued an “overweight” rating and issued a $102.00 price target (up from $94.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Finally, 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. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently 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 1,000 shares of the firm’s stock in a transaction dated 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 directly owns 14,498 shares of the company’s stock, valued at $1,237,984.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James B. Stallings, Jr. sold 2,181 shares of the firm’s 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 in the company, valued at $1,112,471.44. The disclosure for this sale can be found here. Insiders sold 421,549 shares of company stock worth $38,074,069 over the last three months. 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.

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

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