Millennium Management LLC lessened its stake in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 8.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 860,824 shares of the information technology services provider’s stock after selling 83,238 shares during the period. Millennium Management LLC’s holdings in Fidelity National Information Servcs were worth $91,273,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Fort L.P. bought a new stake in shares of Fidelity National Information Servcs in the 2nd quarter worth $121,000. Rational Advisors LLC increased its holdings in shares of Fidelity National Information Servcs by 1,676.5% in the 2nd quarter. Rational Advisors LLC now owns 1,439 shares of the information technology services provider’s stock worth $153,000 after purchasing an additional 1,358 shares in the last quarter. Cerebellum GP LLC increased its holdings in shares of Fidelity National Information Servcs by 133.6% in the 2nd quarter. Cerebellum GP LLC now owns 1,696 shares of the information technology services provider’s stock worth $180,000 after purchasing an additional 970 shares in the last quarter. Edge Wealth Management LLC bought a new stake in shares of Fidelity National Information Servcs in the 2nd quarter worth $180,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Fidelity National Information Servcs in the 2nd quarter worth $202,000. 88.07% of the stock is owned by institutional investors.

Shares of FIS opened at $110.12 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.38 and a quick ratio of 1.38. Fidelity National Information Servcs Inc has a one year low of $89.31 and a one year high of $110.25. The firm has a market capitalization of $36.01 billion, a P/E ratio of 24.91, a PEG ratio of 1.74 and a beta of 0.94.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, July 31st. The information technology services provider reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.02. Fidelity National Information Servcs had a return on equity of 15.42% and a net margin of 16.59%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. Fidelity National Information Servcs’s revenue was down 6.7% compared to the same quarter last year. equities research analysts predict that Fidelity National Information Servcs Inc will post 5.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, September 13th. Fidelity National Information Servcs’s payout ratio is currently 28.96%.

In related news, Director James B. Stallings, Jr. sold 1,500 shares of Fidelity National Information Servcs stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $107.23, for a total value of $160,845.00. Following the completion of the sale, the director now owns 10,817 shares of the company’s stock, valued at $1,159,906.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lenore D. Williams sold 4,285 shares of Fidelity National Information Servcs stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $106.00, for a total value of $454,210.00. Following the completion of the sale, the executive vice president now directly owns 4,999 shares of the company’s stock, valued at approximately $529,894. The disclosure for this sale can be found here. Insiders sold 23,707 shares of company stock valued at $2,521,597 in the last ninety days. 2.08% of the stock is currently owned by corporate insiders.

A number of analysts have commented on FIS shares. Cantor Fitzgerald lifted their target price on Fidelity National Information Servcs to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Friday, August 3rd. ValuEngine lowered Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Wolfe Research started coverage on Fidelity National Information Servcs in a report on Tuesday, July 17th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $114.55.

About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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

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