Geode Capital Management LLC Sells 110,513 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Geode Capital Management LLC trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,843,442 shares of the information technology services provider's stock after selling 110,513 shares during the quarter. Geode Capital Management LLC owned about 2.39% of Fidelity National Information Services worth $1,071,911,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FIS. CENTRAL TRUST Co lifted its holdings in Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock worth $991,000 after purchasing an additional 10,452 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Fidelity National Information Services by 51.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider's stock valued at $6,344,000 after buying an additional 25,701 shares during the last quarter. GSA Capital Partners LLP bought a new position in Fidelity National Information Services in the 3rd quarter worth $590,000. Chase Investment Counsel Corp boosted its holdings in Fidelity National Information Services by 52.8% during the third quarter. Chase Investment Counsel Corp now owns 65,790 shares of the information technology services provider's stock valued at $5,509,000 after acquiring an additional 22,742 shares during the period. Finally, PGGM Investments grew its position in shares of Fidelity National Information Services by 298.3% in the second quarter. PGGM Investments now owns 84,849 shares of the information technology services provider's stock valued at $6,394,000 after purchasing an additional 63,547 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Up 0.5 %

NYSE FIS traded up $0.46 on Wednesday, reaching $85.29. The company had a trading volume of 2,347,613 shares, compared to its average volume of 3,748,292. The company's fifty day moving average is $87.23 and its 200-day moving average is $81.40. Fidelity National Information Services, Inc. has a 1-year low of $57.13 and a 1-year high of $91.98. The firm has a market capitalization of $45.92 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data 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. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the company earned $0.94 earnings per share. Fidelity National Information Services's quarterly revenue was up 3.1% on a year-over-year basis. 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 Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on FIS. Compass Point started coverage on shares of Fidelity National Information Services in a research note on Wednesday, November 20th. They set a "buy" rating and a $126.00 target price for the company. Morgan Stanley raised their target price on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Susquehanna boosted their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a report on Tuesday, November 5th. Stephens raised their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Finally, BNP Paribas cut shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. One 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 company has a consensus rating of "Moderate Buy" and an average target price of $91.50.

Insiders Place Their Bets

In related news, EVP Lenore D. Williams sold 11,305 shares of the business's 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 directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase 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.