Ieq Capital LLC grew its position in Fidelity National Information Servcs Inc (NYSE:FIS) by 89.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,440 shares of the information technology services provider’s stock after acquiring an additional 2,091 shares during the period. Ieq Capital LLC’s holdings in Fidelity National Information Servcs were worth $541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Savior LLC bought a new stake in shares of Fidelity National Information Servcs during the 4th quarter worth about $36,000. Pacitti Group Inc. bought a new stake in shares of Fidelity National Information Servcs during the 4th quarter worth about $38,000. Lloyd Advisory Services LLC. bought a new stake in shares of Fidelity National Information Servcs during the 4th quarter worth about $41,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Fidelity National Information Servcs by 66.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 301 shares of the information technology services provider’s stock worth $37,000 after buying an additional 120 shares during the period. Finally, Evolution Wealth Advisors LLC boosted its holdings in shares of Fidelity National Information Servcs by 275.6% during the 1st quarter. Evolution Wealth Advisors LLC now owns 308 shares of the information technology services provider’s stock worth $37,000 after buying an additional 226 shares during the period. 90.63% of the stock is owned by institutional investors.

Shares of Fidelity National Information Servcs stock traded up $2.45 during midday trading on Friday, hitting $132.22. 3,965,916 shares of the company traded hands, compared to its average volume of 4,437,035. The stock has a market cap of $79.64 billion, a price-to-earnings ratio of 254.27, a PEG ratio of 1.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s fifty day moving average price is $124.61 and its 200-day moving average price is $135.17. Fidelity National Information Servcs Inc has a 12 month low of $91.68 and a 12 month high of $158.21.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. Fidelity National Information Servcs had a net margin of 1.45% and a return on equity of 7.89%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the firm posted $1.16 EPS. The firm’s revenue was up 49.6% on a year-over-year basis. Equities research analysts forecast that Fidelity National Information Servcs Inc will post 5.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Servcs’s payout ratio is 24.96%.

In other Fidelity National Information Servcs news, COO Stephanie Ferris sold 52,547 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $155.39, for a total transaction of $8,165,278.33. Following the sale, the chief operating officer now directly owns 21,659 shares of the company’s stock, valued at approximately $3,365,592.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James B. Stallings, Jr. sold 10,489 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $154.94, for a total transaction of $1,625,165.66. Following the sale, the director now directly owns 11,532 shares in the company, valued at $1,786,768.08. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Several analysts recently commented on FIS shares. Canaccord Genuity reaffirmed a “buy” rating and set a $178.00 target price (up previously from $151.00) on shares of Fidelity National Information Servcs in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Servcs from $136.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. SunTrust Banks lifted their target price on shares of Fidelity National Information Servcs from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Wedbush dropped their price objective on shares of Fidelity National Information Servcs from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Finally, UBS Group dropped their price objective on shares of Fidelity National Information Servcs from $146.00 to $142.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Fidelity National Information Servcs has an average rating of “Buy” and a consensus price target of $151.69.

Fidelity National Information Servcs Company 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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