Eagle Global Advisors LLC Sells 1,238 Shares of Fidelity National Information Services, Inc. (FIS)

Eagle Global Advisors LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,900 shares of the information technology services provider’s stock after selling 1,238 shares during the period. Eagle Global Advisors LLC’s holdings in Fidelity National Information Services were worth $3,237,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in Fidelity National Information Services by 3,230.2% in the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock worth $1,674,072,000 after buying an additional 20,394,426 shares during the period. Janus Capital Management LLC raised its position in shares of Fidelity National Information Services by 23.7% in the first quarter. Janus Capital Management LLC now owns 5,127,324 shares of the information technology services provider’s stock worth $408,238,000 after buying an additional 983,896 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Fidelity National Information Services by 4.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock worth $1,462,643,000 after buying an additional 845,325 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Fidelity National Information Services by 3.5% in the first quarter. Vanguard Group Inc. now owns 21,818,241 shares of the information technology services provider’s stock worth $1,737,168,000 after buying an additional 745,789 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Fidelity National Information Services by 10.4% in the first quarter. Ameriprise Financial Inc. now owns 4,801,010 shares of the information technology services provider’s stock worth $382,257,000 after buying an additional 451,197 shares during the last quarter. 86.70% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services, Inc. (NYSE FIS) traded down 0.04% during mid-day trading on Friday, hitting $89.22. The stock had a trading volume of 780,605 shares. The firm has a 50-day moving average of $88.65 and a 200-day moving average of $83.93. The stock has a market cap of $29.66 billion, a P/E ratio of 44.72 and a beta of 0.84. 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 EPS for the quarter, beating the 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 business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

Fidelity National Information Services declared that its board has authorized a stock buyback plan on Wednesday, August 2nd that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 13.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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A number of equities analysts recently commented on the company. BMO Capital Markets increased their price target on Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Stephens reaffirmed a “positive” rating and issued a $101.00 price objective (up from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Cowen and Company reaffirmed a “buy” rating and issued a $97.00 price objective on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $102.00 price objective (up from $94.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.20.

In other news, Director James B. Stallings, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred 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 $1,237,984.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the director now owns 202,517 shares in the company, valued at approximately $18,295,385.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 403,181 shares of company stock valued at $36,418,378. Company insiders own 2.66% of the company’s stock.

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.

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

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