Xact Kapitalforvaltning AB Buys 1,418 Shares of Fidelity National Information Services, Inc. (FIS)

Xact Kapitalforvaltning AB boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,755 shares of the information technology services provider’s stock after acquiring an additional 1,418 shares during the period. Xact Kapitalforvaltning AB’s holdings in Fidelity National Information Services were worth $5,861,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BB&T Investment Services Inc. bought a new stake in Fidelity National Information Services in the second quarter valued at approximately $103,000. WFG Advisors LP lifted its stake in Fidelity National Information Services by 99.8% in the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 593 shares during the period. Motco lifted its stake in Fidelity National Information Services by 12.3% in the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock valued at $102,000 after buying an additional 131 shares during the period. IFP Advisors Inc lifted its stake in Fidelity National Information Services by 6.8% in the second quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 84 shares during the period. Finally, Rockefeller Financial Services Inc. acquired a new position in Fidelity National Information Services in the third quarter valued at approximately $128,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Fidelity National Information Services, Inc. (FIS) opened at $92.76 on Friday. The stock has a market capitalization of $30,889.51, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25. Fidelity National Information Services, Inc. has a 12 month low of $73.97 and a 12 month high of $96.67.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.22 billion. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. equities research analysts expect that Fidelity National Information Services, Inc. will post 4.41 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. Fidelity National Information Services’s payout ratio is 71.60%.

Several equities analysts have issued reports on FIS shares. BidaskClub raised Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stephens reissued a “positive” rating and issued a $101.00 price target (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 set a $97.00 target price on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Finally, BMO Capital Markets upped their target price on Fidelity National Information Services from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, fourteen 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 price target of $97.19.

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In related news, Director Stephan A. James sold 18,368 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,655,691.52. Following the sale, the director now owns 43,231 shares of the company’s stock, valued at approximately $3,896,842.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anthony M. Jabbour sold 100,000 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $92.36, for a total value of $9,236,000.00. Following the sale, the chief operating officer now directly owns 282,689 shares in the company, valued at approximately $26,109,156.04. The disclosure for this sale can be found here. 2.66% of the stock is currently owned by corporate insiders.

Fidelity National Information Services 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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