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

Principal Financial Group Inc. reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.3% during the 3rd quarter, according to its most recent 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 quarter. Principal Financial Group Inc. owned 0.25% of Fidelity National Information Services worth $114,504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Linden Thomas Advisory Services LLC purchased a new position in Fidelity National Information Services in the 2nd quarter valued at $1,253,000. CENTRAL TRUST Co increased its stake in shares of Fidelity National Information Services by 757.9% during the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock worth $991,000 after acquiring an additional 10,452 shares during the period. SG Americas Securities LLC increased its stake in shares of Fidelity National Information Services by 572.2% during the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider's stock worth $16,775,000 after acquiring an additional 189,484 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Fidelity National Information Services by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider's stock worth $60,300,000 after purchasing an additional 11,655 shares in the last quarter. Finally, Mizuho Markets Americas LLC lifted its position in Fidelity National Information Services by 115.9% in the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider's stock valued at $278,041,000 after purchasing an additional 2,011,848 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Up 1.6 %

Shares of FIS traded up $1.39 during trading hours on Friday, hitting $88.07. The stock had a trading volume of 3,113,264 shares, compared to its average volume of 3,249,951. Fidelity National Information Services, Inc. has a 12-month low of $51.57 and a 12-month high of $91.98. The firm has a market cap of $47.41 billion, a P/E ratio of 35.09, a P/E/G ratio of 0.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.18. The company's fifty day simple moving average is $86.07 and its 200 day simple moving average is $79.39.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for 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 company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.21 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.64%. Fidelity National Information Services's dividend payout ratio (DPR) is 57.37%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares of the company's stock, valued at $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Royal Bank of Canada upped their price objective on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday. Susquehanna raised their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a report on Tuesday. Barclays upped their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.68.

Fidelity National Information Services Company 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.