Piedmont Investment Advisors Inc. Has $820,000 Holdings in Fidelity National Information Servcs Inc (FIS)

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Piedmont Investment Advisors Inc. grew its holdings in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,249 shares of the information technology services provider’s stock after purchasing an additional 376 shares during the period. Piedmont Investment Advisors Inc.’s holdings in Fidelity National Information Servcs were worth $820,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc boosted its position in shares of Fidelity National Information Servcs by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 24,821,437 shares of the information technology services provider’s stock worth $2,707,274,000 after acquiring an additional 261,868 shares in the last quarter. Lunia Capital LP acquired a new stake in shares of Fidelity National Information Servcs during the 4th quarter worth approximately $20,720,000. Geode Capital Management LLC boosted its position in shares of Fidelity National Information Servcs by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock worth $462,775,000 after acquiring an additional 347,672 shares in the last quarter. FMR LLC boosted its position in shares of Fidelity National Information Servcs by 23.2% during the 4th quarter. FMR LLC now owns 4,410,648 shares of the information technology services provider’s stock worth $452,311,000 after acquiring an additional 831,468 shares in the last quarter. Finally, Cantillon Capital Management LLC boosted its position in shares of Fidelity National Information Servcs by 0.7% during the 4th quarter. Cantillon Capital Management LLC now owns 4,283,444 shares of the information technology services provider’s stock worth $439,267,000 after acquiring an additional 28,118 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Several research firms recently issued reports on FIS. Moffett Nathanson began coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, May 21st. They set a “buy” rating and a $147.00 price target on the stock. Bank of America increased their price target on shares of Fidelity National Information Servcs from $139.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Cantor Fitzgerald increased their price target on shares of Fidelity National Information Servcs from $122.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Barclays increased their price target on shares of Fidelity National Information Servcs from $129.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods began coverage on shares of Fidelity National Information Servcs in a research report on Monday, April 8th. They set an “outperform” rating and a $136.00 price target on the stock. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Fidelity National Information Servcs has an average rating of “Buy” and a consensus target price of $130.47.

In other Fidelity National Information Servcs news, Director Alexandar Navab, Jr. purchased 5,075 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was purchased at an average price of $107.22 per share, with a total value of $544,141.50. Following the completion of the purchase, the director now owns 5,075 shares of the company’s stock, valued at $544,141.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.43% of the stock is owned by corporate insiders.

Shares of NYSE:FIS opened at $118.74 on Monday. The company has a market capitalization of $38.43 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.33 and a beta of 0.73. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. Fidelity National Information Servcs Inc has a one year low of $94.53 and a one year high of $121.75.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.07. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.02 billion. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, research analysts forecast that Fidelity National Information Servcs Inc will post 7.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, June 13th. Fidelity National Information Servcs’s payout ratio is 26.77%.

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Fidelity National Information Servcs Profile

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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