Parnassus Investments LLC Sells 1,541,615 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Parnassus Investments LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 52.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,409,635 shares of the information technology services provider's stock after selling 1,541,615 shares during the quarter. Parnassus Investments LLC owned about 0.26% of Fidelity National Information Services worth $113,856,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC increased 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 buying an additional 159 shares during the last quarter. R Squared Ltd purchased a new position in Fidelity National Information Services in the fourth quarter worth approximately $30,000. Groupama Asset Managment increased its stake in Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 319 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Fidelity National Information Services in the third quarter valued at $37,000. Finally, OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth $40,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

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Fidelity National Information Services Trading Up 1.4 %

Shares of Fidelity National Information Services stock traded up $0.98 during trading on Tuesday, hitting $73.24. The stock had a trading volume of 5,841,208 shares, compared to its average volume of 3,371,518. The stock has a 50 day simple moving average of $75.15 and a 200 day simple moving average of $81.63. The company has a market capitalization of $38.79 billion, a PE ratio of 28.06, a P/E/G ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the business earned $0.94 earnings per share. On average, research analysts expect 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. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FIS shares. Wells Fargo & Company reduced their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their price objective for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Royal Bank of Canada decreased 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 note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Hold" and an average target price of $88.65.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % 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. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Company Profile

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.