BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $18.32 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 24.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,686 shares of the information technology services provider's stock after selling 68,876 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Fidelity National Information Services were worth $18,315,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Fidelity National Information Services by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider's stock valued at $395,729,000 after acquiring an additional 249,678 shares during the period. Legal & General Group Plc lifted its holdings in Fidelity National Information Services by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider's stock valued at $372,135,000 after purchasing an additional 75,429 shares during the last quarter. Boston Partners lifted its holdings in Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock valued at $331,047,000 after purchasing an additional 3,868,683 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock valued at $343,693,000 after purchasing an additional 3,357,329 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of 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 valued at $293,560,000 after purchasing an additional 3,535,596 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 32,199 shares of the company's stock, valued at $2,832,546.03. This represents 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.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $86.08 on Friday. The firm has a 50 day simple moving average of $86.96 and a 200 day simple moving average of $80.60. The company has a market cap of $46.34 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 0.72 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $54.65 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the company earned $0.94 EPS. Fidelity National Information Services's revenue was up 3.1% compared to the same quarter last year. Research analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a yield of 1.67%. Fidelity National Information Services's dividend payout ratio is presently 57.37%.

Analyst Ratings Changes

Several brokerages recently commented on FIS. Susquehanna lifted their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a report on Tuesday, November 5th. Bank of America upped their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Mizuho upped their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.50.

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.