London Co. of Virginia Has $493.30 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

London Co. of Virginia lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,107,437 shares of the information technology services provider's stock after selling 261,583 shares during the quarter. Fidelity National Information Services comprises about 2.7% of London Co. of Virginia's portfolio, making the stock its 4th largest holding. London Co. of Virginia owned approximately 1.13% of Fidelity National Information Services worth $493,298,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT increased its position in Fidelity National Information Services by 4.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after purchasing an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Fidelity National Information Services by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after purchasing an additional 129 shares during the period. Modera Wealth Management LLC increased its stake in shares of Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after acquiring an additional 137 shares in the last quarter. Center for Financial Planning Inc. raised its holdings in shares of Fidelity National Information Services by 3.8% during the fourth quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after purchasing an additional 138 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Fidelity National Information Services by 5.4% in the fourth quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider's stock worth $228,000 after acquiring an additional 144 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 0.8%

FIS traded up $0.63 during midday trading on Thursday, reaching $78.68. 4,284,619 shares of the company's stock traded hands, compared to its average volume of 3,510,422. The stock has a market capitalization of $41.34 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The firm has a fifty day moving average of $74.31 and a two-hundred day moving average of $78.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. Fidelity National Information Services's payout ratio is currently 105.96%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Robert W. Baird raised their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, April 4th. Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. UBS Group lifted their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Royal Bank of Canada decreased their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $91.11.

Fidelity National Information Services 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.