PGGM Investments Boosts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

PGGM Investments lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 298.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,849 shares of the information technology services provider’s stock after purchasing an additional 63,547 shares during the quarter. PGGM Investments’ holdings in Fidelity National Information Services were worth $6,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after acquiring an additional 11,023,109 shares during the last quarter. FIL Ltd raised its position in Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after purchasing an additional 2,758,049 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Fidelity National Information Services by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock valued at $506,753,000 after purchasing an additional 121,154 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Fidelity National Information Services by 6.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock valued at $505,956,000 after purchasing an additional 537,180 shares during the last quarter. Finally, Norges Bank bought a new position in Fidelity National Information Services during the 4th quarter valued at approximately $478,594,000. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the subject of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $90.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. UBS Group upped their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird increased their target price on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.45.

Fidelity National Information Services Stock Down 0.1 %

FIS traded down $0.07 during trading on Thursday, hitting $78.02. 929,548 shares of the company’s stock traded hands, compared to its average volume of 4,102,939. The company’s 50 day simple moving average is $75.91 and its two-hundred day simple moving average is $72.20. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $79.25. The stock has a market capitalization of $43.40 billion, a price-to-earnings ratio of -7.63, a PEG ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.85%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 719 shares of the stock in a transaction dated Monday, July 15th. The shares were purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.