Fidelity National Information Services, Inc. (NYSE:FIS) Position Lowered by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 294,871 shares of the information technology services provider's stock after selling 11,149 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Fidelity National Information Services worth $24,695,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FIS. The Manufacturers Life Insurance Company grew its position in Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock worth $293,560,000 after acquiring an additional 3,535,596 shares during the period. Raymond James & Associates lifted its stake in Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock worth $343,693,000 after purchasing an additional 3,357,329 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Fidelity National Information Services during the second quarter worth $83,562,000. Zurich Insurance Group Ltd FI acquired a new position in Fidelity National Information Services during the second quarter worth $40,029,000. Finally, Fernbridge Capital Management LP lifted its stake in Fidelity National Information Services by 67.2% during the second quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider's stock worth $86,900,000 after purchasing an additional 463,613 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded up $0.01 during midday trading on Wednesday, reaching $85.25. 5,089,000 shares of the company were exchanged, compared to its average volume of 3,755,655. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 1 year low of $57.13 and a 1 year high of $91.98. The stock has a fifty day simple moving average of $87.12 and a 200 day simple moving average of $81.16. The stock has a market cap of $45.89 billion, a P/E ratio of 33.96, a PEG ratio of 0.72 and a beta of 1.03.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business's revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.69%. Fidelity National Information Services's payout ratio is currently 57.37%.

Analyst Ratings Changes

A number of research analysts have commented on FIS shares. Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. UBS Group upped their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. TD Cowen increased their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Mizuho increased their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Finally, Oppenheimer started coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a "market perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now directly owns 10,397 shares of the company's stock, valued at approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

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.