Rafferty Asset Management LLC Trims Stake in Fidelity National Information Services, Inc. (FIS)

Rafferty Asset Management LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 17.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,784 shares of the information technology services provider’s stock after selling 10,150 shares during the quarter. Rafferty Asset Management LLC’s holdings in Fidelity National Information Services were worth $4,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund boosted its position in shares of Fidelity National Information Services by 2.3% in the second quarter. New York State Common Retirement Fund now owns 887,646 shares of the information technology services provider’s stock valued at $75,805,000 after acquiring an additional 20,124 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $154,000. Caldera Capital LLC boosted its position in shares of Fidelity National Information Services by 10.8% in the second quarter. Caldera Capital LLC now owns 181,428 shares of the information technology services provider’s stock valued at $15,493,000 after acquiring an additional 17,676 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Fidelity National Information Services by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 270,082 shares of the information technology services provider’s stock valued at $23,066,000 after acquiring an additional 861 shares during the period. Finally, Profund Advisors LLC boosted its position in shares of Fidelity National Information Services by 0.3% in the second quarter. Profund Advisors LLC now owns 8,492 shares of the information technology services provider’s stock valued at $725,000 after acquiring an additional 28 shares during the period. 86.71% of the stock is owned by institutional investors.

Fidelity National Information Services, Inc. (FIS) traded down 0.43% on Tuesday, reaching $93.14. The company’s stock had a trading volume of 213,558 shares. The company has a market cap of $30.96 billion, a P/E ratio of 46.69 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. The company has a 50-day moving average price of $91.42 and a 200 day moving average price of $85.97.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post $4.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.24%. Fidelity National Information Services’s payout ratio is 58.00%.

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

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In other news, COO Anthony M. Jabbour sold 100,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $92.36, for a total transaction of $9,236,000.00. Following the completion of the sale, the chief operating officer now directly owns 282,689 shares in the company, valued at approximately $26,109,156.04. 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 the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $90.34, for a total value of $36,136,000.00. Following the sale, the director now 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 quarter, insiders have sold 520,549 shares of company stock valued at $47,224,679. Corporate insiders own 2.66% of the company’s stock.

FIS has been the subject of several research reports. BidaskClub cut Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Cowen and Company reissued an “outperform” rating and issued a $92.00 price objective (up from $90.00) on shares of Fidelity National Information Services in a research report on Monday, July 10th. Stephens reissued a “positive” rating and issued a $101.00 price objective (up from $93.00) on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Zacks Investment Research raised Fidelity National Information Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $94.00 price objective (up from $92.00) on shares of Fidelity National Information Services in a research report on Friday, June 16th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $92.87.

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

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