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

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

A number of other large investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock worth $293,560,000 after purchasing an additional 3,535,596 shares during the period. Raymond James & Associates lifted its stake in shares of Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock worth $343,693,000 after purchasing an additional 3,357,329 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $83,562,000. Zurich Insurance Group Ltd FI bought a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $40,029,000. Finally, Fernbridge Capital Management LP lifted its stake in shares of Fidelity National Information Services by 67.2% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider's stock worth $86,900,000 after purchasing an additional 463,613 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company's stock, valued at $917,535.25. This trade represents a 6.41 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business's stock in a transaction dated 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 owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FIS. TD Cowen increased their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. BNP Paribas cut shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research note on Wednesday, November 20th. Royal Bank of Canada raised their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Compass Point began coverage on shares of Fidelity National Information Services in a research note on Wednesday, November 20th. They set a "buy" rating and a $126.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.75.

Fidelity National Information Services Trading Up 1.6 %

Shares of NYSE:FIS traded up $1.32 on Friday, hitting $81.46. 8,050,129 shares of the company's stock were exchanged, compared to its average volume of 3,743,892. Fidelity National Information Services, Inc. has a 12 month low of $58.24 and a 12 month high of $91.98. The stock has a market capitalization of $43.85 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. The business's 50 day simple moving average is $86.85 and its two-hundred day simple moving average is $81.72. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

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 for the quarter, topping the consensus estimate of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. Analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued 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 1.77%. Fidelity National Information Services's payout ratio is currently 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.