Primecap Management Co. CA Sells 9,800 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Primecap Management Co. CA lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,527,100 shares of the information technology services provider's stock after selling 9,800 shares during the period. Primecap Management Co. CA owned 0.28% of Fidelity National Information Services worth $127,895,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Moors & Cabot Inc. increased its stake in shares of Fidelity National Information Services by 14.4% in the third quarter. Moors & Cabot Inc. now owns 8,339 shares of the information technology services provider's stock worth $698,000 after purchasing an additional 1,047 shares during the period. PNC Financial Services Group Inc. grew its holdings in Fidelity National Information Services by 4.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 277,287 shares of the information technology services provider's stock valued at $23,223,000 after buying an additional 12,200 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Fidelity National Information Services in the 3rd quarter worth approximately $7,876,000. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 12.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 5,809 shares of the information technology services provider's stock worth $487,000 after buying an additional 655 shares during the last quarter. Finally, Caprock Group LLC grew its stake in shares of Fidelity National Information Services by 115.1% in the third quarter. Caprock Group LLC now owns 26,569 shares of the information technology services provider's stock worth $2,225,000 after acquiring an additional 14,218 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

FIS traded up $0.58 during trading on Friday, hitting $86.08. The company's stock 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 capitalization of $46.34 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The firm's 50 day moving average price is $86.92 and its two-hundred day moving average price is $80.50. Fidelity National Information Services, Inc. has a 12 month low of $54.65 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $2.56 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The firm's revenue for the quarter 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 fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. 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 currently 57.37%.

Insider Activity at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm'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 transaction, the executive vice president now owns 32,199 shares of the company's stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price 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 $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. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America upped their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. UBS Group increased their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Robert W. Baird raised their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Finally, Susquehanna boosted their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus price target of $91.50.

Fidelity National Information Services 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.