Park Avenue Securities LLC Sells 1,208 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Park Avenue Securities LLC lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 17.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,912 shares of the information technology services provider’s stock after selling 1,208 shares during the quarter. Park Avenue Securities LLC’s holdings in Fidelity National Information Services were worth $439,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FIS. Brown Brothers Harriman & Co. grew its holdings in Fidelity National Information Services by 14.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock worth $79,000 after acquiring an additional 166 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Fidelity National Information Services by 1.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider’s stock worth $1,178,000 after purchasing an additional 232 shares during the period. CarsonAllaria Wealth Management Ltd. lifted its stake in Fidelity National Information Services by 7.5% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 3,397 shares of the information technology services provider’s stock valued at $204,000 after buying an additional 237 shares during the period. Blue Trust Inc. boosted its holdings in Fidelity National Information Services by 7.5% during the fourth quarter. Blue Trust Inc. now owns 3,937 shares of the information technology services provider’s stock worth $218,000 after buying an additional 275 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC grew its position in shares of Fidelity National Information Services by 1.2% during the 4th quarter. Commonwealth Retirement Investments LLC now owns 23,543 shares of the information technology services provider’s stock worth $1,414,000 after buying an additional 276 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of several recent analyst reports. TD Cowen lifted their price objective on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Susquehanna upped their price objective on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the company a “positive” rating in a research report on Wednesday, May 8th. Mizuho lifted their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Robert W. Baird increased their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.32.

Fidelity National Information Services Trading Up 1.0 %

Shares of NYSE:FIS opened at $75.36 on Friday. The company’s 50-day moving average price is $74.82 and its two-hundred day moving average price is $68.74. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market capitalization of $41.92 billion, a PE ratio of -7.37, a price-to-earnings-growth ratio of 0.76 and a beta of 1.05.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. Fidelity National Information Services’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 4.97 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. Fidelity National Information Services’s payout ratio is -14.08%.

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.