Yorktown Management & Research Co Inc Has $342,000 Holdings in Fidelity National Information Services, Inc. (FIS)

Yorktown Management & Research Co Inc held its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the information technology services provider’s stock at the close of the second quarter. Yorktown Management & Research Co Inc’s holdings in Fidelity National Information Services were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Guardian Life Insurance Co. of America raised its position in Fidelity National Information Services by 0.7% in the 1st 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 purchasing an additional 9 shares during the last quarter. Private Trust Co. NA raised its position in Fidelity National Information Services by 0.4% in the 2nd quarter. Private Trust Co. NA now owns 4,986 shares of the information technology services provider’s stock valued at $425,000 after purchasing an additional 20 shares during the last quarter. Ronald Blue & Co. LLC raised its position in Fidelity National Information Services by 0.9% in the 1st quarter. Ronald Blue & Co. LLC now owns 4,188 shares of the information technology services provider’s stock valued at $333,000 after purchasing an additional 37 shares during the last quarter. Intrust Bank NA raised its position in Fidelity National Information Services by 0.3% in the 1st quarter. Intrust Bank NA now owns 14,909 shares of the information technology services provider’s stock valued at $1,187,000 after purchasing an additional 45 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its position in Fidelity National Information Services by 3.6% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,301 shares of the information technology services provider’s stock valued at $104,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Fidelity National Information Services, Inc. (NYSE FIS) traded down 0.11% during midday trading on Friday, reaching $92.01. The company had a trading volume of 2,102,054 shares. The stock has a 50-day moving average price of $91.34 and a 200 day moving average price of $85.85. The company has a market capitalization of $30.59 billion, a PE ratio of 46.12 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 $93.73.

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 Thomson Reuters’ consensus estimate of $0.97 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. Fidelity National Information Services’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post $4.28 EPS for the current year.

Fidelity National Information Services declared that its board has authorized a stock buyback program on Wednesday, August 2nd that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the information technology services provider to purchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 58.00%.

Several equities analysts have issued reports on FIS shares. Zacks Investment Research downgraded Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, July 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $94.00 price objective (up previously from $92.00) on shares of Fidelity National Information Services in a research report on Friday, June 16th. Finally, Cowen and Company reiterated an “outperform” rating and issued 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. 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. The stock has a consensus rating of “Buy” and a consensus target price of $92.87.

In other news, Director James B. Stallings, Jr. sold 2,181 shares of Fidelity National Information Services 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 of the company’s stock, valued at approximately $1,112,471.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frank R. Martire sold 400,000 shares of Fidelity National Information Services stock in a transaction dated 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 of the company’s stock, valued at $18,295,385.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 520,549 shares of company stock valued at $47,224,679. Corporate insiders own 2.66% of the company’s stock.

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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.

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

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