Level Four Advisory Services LLC lessened its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 35.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,540 shares of the information technology services provider’s stock after selling 3,086 shares during the quarter. Level Four Advisory Services LLC’s holdings in Fidelity National Information Services were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. lifted its stake in shares of Fidelity National Information Services by 503.9% in the 2nd quarter. Achmea Investment Management B.V. now owns 17,091 shares of the information technology services provider’s stock valued at $1,458,000 after purchasing an additional 14,261 shares during the period. WFG Advisors LP lifted its stake in shares of Fidelity National Information Services by 99.8% in the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after purchasing an additional 593 shares during the period. Toronto Dominion Bank lifted its stake in shares of Fidelity National Information Services by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 114,596 shares of the information technology services provider’s stock valued at $9,786,000 after purchasing an additional 23,428 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $311,000. Finally, BB&T Investment Services Inc. purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $103,000. Institutional investors own 86.64% of the company’s stock.

In related news, Director Frank R. Martire sold 400,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 202,517 shares of the company’s stock, valued at approximately $18,295,385.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James B. Stallings, Jr. sold 2,181 shares of the company’s stock in a transaction on Friday, August 4th. The shares were 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 in the company, valued at $1,112,471.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 520,549 shares of company stock valued at $47,224,679. Company insiders own 2.66% of the company’s stock.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $1.02 EPS for the quarter, beating the 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 firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. Fidelity National Information Services’s dividend payout ratio is presently 58.00%.

FIS has been the subject of a number of research analyst reports. BidaskClub upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Cowen and Company reaffirmed an “outperform” rating and set 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. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. raised their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research lowered Fidelity National Information Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $94.67.

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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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