Primecap Management Co. CA Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Primecap Management Co. CA cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,333,700 shares of the information technology services provider's stock after selling 193,400 shares during the quarter. Primecap Management Co. CA owned 0.25% of Fidelity National Information Services worth $107,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $2,593,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $451,458,000. Avanza Fonder AB purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $3,227,000. Princeton Global Asset Management LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $2,313,000. Finally, Csenge Advisory Group raised its stake in shares of Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock worth $1,086,000 after acquiring an additional 4,134 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

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Fidelity National Information Services Stock Down 1.4 %

Shares of FIS stock traded down $1.03 during mid-day trading on Friday, reaching $73.38. 6,912,484 shares of the company's stock traded hands, compared to its average volume of 3,383,020. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a market cap of $38.87 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.23 and a beta of 1.11. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company's 50-day moving average price is $74.76 and its 200-day moving average price is $81.40.

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

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. Fidelity National Information Services's payout ratio is presently 61.30%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Compass Point decreased their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Barclays decreased their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their target price on shares of 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, Stephens decreased their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.