Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 277,287 shares of the information technology services provider's stock after buying an additional 12,200 shares during the period. PNC Financial Services Group Inc. owned approximately 0.05% of Fidelity National Information Services worth $23,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth $28,000. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services in the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services in the second quarter worth $35,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services during the second quarter worth $35,000. Finally, Concord Wealth Partners increased its holdings in Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FIS shares. Keefe, Bruyette & Woods lifted their target price 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. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. Barclays upped their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. TD Cowen lifted their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley lifted their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.50.

Fidelity National Information Services Trading Up 0.7 %

Shares of FIS traded up $0.58 during mid-day trading on Friday, hitting $86.08. The company had a trading volume of 3,816,138 shares, compared to its average volume of 3,763,734. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market cap of $46.34 billion, a PE ratio of 34.29, a P/E/G ratio of 0.73 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $54.65 and a 1-year high of $91.98. The business's 50-day simple moving average is $86.96 and its 200-day simple moving average is $80.60.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the company posted $0.94 EPS. The company's revenue was up 3.1% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

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

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.