Principal Financial Group Inc. Has $109.99 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Principal Financial Group Inc. trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,459,554 shares of the information technology services provider’s stock after selling 82,754 shares during the quarter. Principal Financial Group Inc. owned about 0.26% of Fidelity National Information Services worth $109,992,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. increased its holdings in shares of Fidelity National Information Services by 33.9% during the 2nd quarter. UMB Bank n.a. now owns 1,904 shares of the information technology services provider’s stock valued at $143,000 after acquiring an additional 482 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Fidelity National Information Services by 33.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 450,915 shares of the information technology services provider’s stock valued at $33,981,000 after purchasing an additional 112,863 shares during the last quarter. Whittier Trust Co. raised its position in shares of Fidelity National Information Services by 31.0% in the second quarter. Whittier Trust Co. now owns 1,049 shares of the information technology services provider’s stock valued at $79,000 after purchasing an additional 248 shares during the period. HB Wealth Management LLC lifted its stake in shares of Fidelity National Information Services by 7.9% in the second quarter. HB Wealth Management LLC now owns 44,924 shares of the information technology services provider’s stock worth $3,386,000 after buying an additional 3,287 shares during the last quarter. Finally, Kintegral Advisory LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth $1,928,000. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. TD Cowen raised their target price on Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Susquehanna upped their price target on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Finally, William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.65.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $82.45 on Friday. The stock’s fifty day simple moving average is $76.56 and its 200 day simple moving average is $73.46. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $82.48. The firm has a market cap of $45.86 billion, a price-to-earnings ratio of -8.06, a P/E/G ratio of 0.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. On average, analysts expect 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

About Fidelity National Information Services

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.