PNC Financial Services Group Inc. Cuts Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

PNC Financial Services Group Inc. decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 271,599 shares of the information technology services provider's stock after selling 5,688 shares during the period. PNC Financial Services Group Inc. owned about 0.05% of Fidelity National Information Services worth $21,937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 159 shares during the period. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $28,000. R Squared Ltd bought a new stake in shares of Fidelity National Information Services in the 4th quarter worth approximately $30,000. Groupama Asset Managment boosted its position in shares of Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 319 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

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Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded down $3.04 during midday trading on Tuesday, hitting $68.23. 4,395,248 shares of the stock traded hands, compared to its average volume of 3,372,371. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $36.14 billion, a P/E ratio of 26.14, a PEG ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a one year low of $66.72 and a one year high of $91.98. The firm has a 50-day moving average of $76.17 and a two-hundred day moving average of $82.01.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the business posted $0.94 earnings per share. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.35%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is 61.30%.

Analyst Ratings Changes

A number of brokerages have recently commented on FIS. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Stephens dropped their price target on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada dropped their price target on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. BNP Paribas cut Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research report on Wednesday, November 20th. Finally, Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has an average rating of "Hold" and a consensus price target of $88.65.

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.