Victory Capital Management Inc. Has $305.18 Million Holdings in Fidelity National Information Services, Inc. (FIS)

Victory Capital Management Inc. lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,267,808 shares of the information technology services provider’s stock after selling 32,650 shares during the quarter. Fidelity National Information Services accounts for about 0.7% of Victory Capital Management Inc.’s holdings, making the stock its 4th largest position. Victory Capital Management Inc. owned 0.98% of Fidelity National Information Services worth $305,181,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. WFG Advisors LP lifted its position in shares of Fidelity National Information Services by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after buying an additional 593 shares during the period. Motco lifted its position in shares of Fidelity National Information Services by 12.3% during the 2nd quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares during the period. BB&T Investment Services Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $103,000. IFP Advisors Inc lifted its position in shares of Fidelity National Information Services by 6.8% during the 2nd 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, Advisors Asset Management Inc. lifted its position in shares of Fidelity National Information Services by 77.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after buying an additional 626 shares during the period. Institutional investors own 86.69% of the company’s stock.

FIS has been the subject of several analyst reports. BidaskClub downgraded Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Tuesday, October 3rd. Stephens restated a “positive” rating and set a $101.00 target price (up previously from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Cowen and Company restated an “outperform” rating and set a $92.00 target price (up previously from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Finally, Oppenheimer Holdings, Inc. raised their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, July 13th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Fidelity National Information Services currently has an average rating of “Buy” and a consensus price target of $95.20.

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In other news, Director Frank R. Martire sold 400,000 shares of the stock in a transaction on Monday, August 7th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the transaction, the chief operating officer now owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The disclosure for this sale can be found here. Insiders have sold 520,549 shares of company stock valued at $47,224,679 over the last 90 days. Corporate insiders own 2.66% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE FIS) traded down 3.13% during trading on Tuesday, reaching $93.06. The company’s stock had a trading volume of 2,233,130 shares. Fidelity National Information Services, Inc. has a 52-week low of $73.89 and a 52-week high of $96.67. The company has a market cap of $30.93 billion, a PE ratio of 46.65 and a beta of 0.85. The firm’s 50-day moving average is $94.02 and its 200 day moving average is $88.88.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, October 30th. The information technology services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.08. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post $4.29 EPS for the current fiscal year.

Fidelity National Information Services declared that its Board of Directors has approved a share buyback 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 purchase up to 13.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Information Services’s payout ratio is presently 58.00%.

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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