Principal Financial Group Inc. Sells 55,595 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Principal Financial Group Inc. lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,311,616 shares of the information technology services provider's stock after selling 55,595 shares during the period. Principal Financial Group Inc. owned approximately 0.24% of Fidelity National Information Services worth $105,939,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FIS. Larson Financial Group LLC grew its position in Fidelity National Information Services by 94.1% during the third 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 position in shares of Fidelity National Information Services during the 3rd quarter valued at $28,000. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth $30,000. Groupama Asset Managment raised its holdings in shares of Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 319 shares in the last quarter. Finally, Concord Wealth Partners boosted its position in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on FIS. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday. Raymond James downgraded Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. 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. Stephens cut their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of "Hold" and an average target price of $87.36.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $0.10 during trading hours on Friday, reaching $69.95. 5,688,695 shares of the company's stock were exchanged, compared to its average volume of 3,528,244. Fidelity National Information Services, Inc. has a fifty-two week low of $62.63 and a fifty-two week high of $91.98. The business has a fifty day moving average price of $78.98 and a 200-day moving average price of $82.56. The stock has a market capitalization of $37.05 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.23 and a beta of 1.04. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the business posted $0.94 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is presently 55.17%.

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.