Summit Global Investments Has $653,000 Holdings in Fidelity National Information Services, Inc. (FIS)

Summit Global Investments decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 56.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,649 shares of the information technology services provider’s stock after selling 9,871 shares during the period. Summit Global Investments’ holdings in Fidelity National Information Services were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Fidelity National Information Services by 3.5% during the first quarter. Vanguard Group Inc. now owns 21,818,241 shares of the information technology services provider’s stock valued at $1,737,168,000 after acquiring an additional 745,789 shares during the last quarter. BlackRock Inc. increased its position in Fidelity National Information Services by 3,230.2% during the first quarter. BlackRock Inc. now owns 21,025,798 shares of the information technology services provider’s stock valued at $1,674,072,000 after acquiring an additional 20,394,426 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Fidelity National Information Services by 4.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 18,370,281 shares of the information technology services provider’s stock valued at $1,462,643,000 after acquiring an additional 845,325 shares during the last quarter. State Street Corp increased its position in Fidelity National Information Services by 1.9% during the first quarter. State Street Corp now owns 13,111,048 shares of the information technology services provider’s stock valued at $1,043,909,000 after acquiring an additional 244,925 shares during the last quarter. Finally, Longview Partners Guernsey LTD increased its position in Fidelity National Information Services by 4.7% during the second quarter. Longview Partners Guernsey LTD now owns 9,504,642 shares of the information technology services provider’s stock valued at $811,696,000 after acquiring an additional 428,628 shares during the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

A number of research firms have weighed in on FIS. Robert W. Baird reiterated a “buy” rating and set a $102.00 price objective on shares of Fidelity National Information Services in a research report on Friday. BidaskClub upgraded shares of Fidelity National Information Services from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. BMO Capital Markets boosted their price objective on shares of Fidelity National Information Services from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a “buy” rating and set a $97.00 price objective on shares of Fidelity National Information Services in a research report on Thursday, August 3rd. Finally, Stephens restated a “positive” rating and issued a $101.00 price target (up from $93.00) on shares of Fidelity National Information Services in a report on Thursday, August 3rd. Four 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 stock. The stock currently has a consensus rating of “Buy” and an average target price of $92.87.

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In other news, Director Stephan A. James sold 18,368 shares of the business’s 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 completion of the transaction, the director now directly owns 43,231 shares of the company’s stock, valued at $3,896,842.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Anthony M. Jabbour sold 100,000 shares of the business’s 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 transaction, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 520,549 shares of company stock valued at $47,224,679. Corporate insiders own 2.66% of the company’s stock.

Fidelity National Information Services, Inc. (NYSE:FIS) traded up 0.13% during mid-day trading on Tuesday, hitting $93.51. 35,207 shares of the company’s stock traded hands. The stock has a market cap of $31.08 billion, a PE ratio of 46.87 and a beta of 0.84. The firm’s 50-day moving average price is $91.03 and its 200-day moving average price is $85.56. Fidelity National Information Services, Inc. has a one year low of $73.25 and a one year high of $93.73.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.05. Fidelity National Information Services had a return on equity of 13.49% and a net margin of 7.08%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the company posted $0.90 earnings per share. The business’s revenue for the quarter 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.

Fidelity National Information Services declared that its Board of Directors has approved a share buyback program 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 purchase up to 13.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

The business 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

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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