BTC Capital Management Inc. cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,582 shares of the information technology services provider’s stock after selling 5 shares during the period. BTC Capital Management Inc.’s holdings in Fidelity National Information Services were worth $562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIS. Vanguard Group Inc. increased 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 valued at $1,737,168,000 after buying an additional 745,789 shares during the period. BlackRock Inc. increased its position in shares of 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 valued at $1,674,072,000 after buying an additional 20,394,426 shares during the period. Massachusetts Financial Services Co. MA increased 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 valued at $1,462,643,000 after buying an additional 845,325 shares during the period. State Street Corp increased its position in shares of Fidelity National Information Services by 1.9% in 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 buying an additional 244,925 shares during the period. Finally, Longview Partners Guernsey LTD increased its position in shares of Fidelity National Information Services by 4.7% in 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 buying an additional 428,628 shares during the period. Institutional investors own 86.70% of the company’s stock.

Shares of Fidelity National Information Services, Inc. (NYSE FIS) opened at 89.22 on Friday. The firm’s 50-day moving average price is $88.65 and its 200-day moving average price is $83.93. The stock has a market capitalization 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 issued its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.02 earnings per share (EPS) 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 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%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. Equities analysts forecast that Fidelity National Information Services, Inc. will post $4.28 earnings per share for the current fiscal year.

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

Fidelity National Information Services announced that its board has authorized a stock repurchase 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 repurchase up to 13.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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FIS has been the topic of several analyst reports. Cowen and Company reiterated a “buy” rating and issued a $97.00 target price on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Barclays PLC reiterated a “buy” rating and issued a $94.00 target price on shares of Fidelity National Information Services in a research note on Friday, May 5th. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BMO Capital Markets lifted 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. 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 research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Fidelity National Information Services currently has an average rating of “Buy” and an average price target of $92.20.

In other Fidelity National Information Services news, Director Frank R. Martire sold 400,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.34, for a total transaction 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 approximately $18,295,385.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 1,000 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $85.39, for a total value of $85,390.00. Following the transaction, the director now directly owns 14,498 shares of the company’s stock, valued at $1,237,984.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 403,181 shares of company stock valued at $36,418,378. 2.66% of the stock is currently owned by corporate insiders.

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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