Principal Financial Group Inc. Decreases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Principal Financial Group Inc. reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,367,211 shares of the information technology services provider's stock after selling 92,343 shares during the period. Principal Financial Group Inc. owned approximately 0.25% of Fidelity National Information Services worth $114,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC increased its stake in 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 valued at $27,000 after purchasing an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services during the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services during the second quarter valued at approximately $30,000. Family Firm Inc. purchased a new position in Fidelity National Information Services in the 2nd quarter worth approximately $35,000. Finally, Groupama Asset Managment lifted its position in 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 valued at $35,000 after acquiring an additional 319 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Price Performance

FIS stock traded up $1.32 during trading on Friday, reaching $81.46. The company's stock had a trading volume of 8,050,129 shares, compared to its average volume of 3,743,892. 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 company's fifty day moving average is $86.85 and its 200-day moving average is $81.76. The company has a market capitalization of $43.85 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. Fidelity National Information Services, Inc. has a 1 year low of $58.24 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the business posted $0.94 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. On average, research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.77%. Fidelity National Information Services's dividend payout ratio is 57.37%.

Analyst Ratings Changes

Several research analysts have recently weighed in on FIS shares. Stephens boosted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Mizuho boosted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Morgan Stanley lifted their price target on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Robert W. Baird raised their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus price target of $91.75.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares of the company's stock, valued at $917,535.25. This represents a 6.41 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

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.