Public Sector Pension Investment Board Reduces Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Public Sector Pension Investment Board lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 79.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,323 shares of the information technology services provider's stock after selling 84,525 shares during the period. Public Sector Pension Investment Board's holdings in Fidelity National Information Services were worth $1,870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Larson Financial Group LLC increased its stake in shares of 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 worth $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 in the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services in the second quarter worth approximately $30,000. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services during the second quarter worth approximately $35,000. Finally, Family Firm Inc. acquired a new position in Fidelity National Information Services in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 6.41 % increase in their position. The purchase was disclosed in a document filed 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 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 owns 32,199 shares of the company's stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FIS shares. Mizuho upped their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Bank of America increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Susquehanna raised their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a research report on Tuesday, November 5th. Finally, UBS Group boosted 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 report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.50.

Fidelity National Information Services Stock Down 0.2 %

FIS stock traded down $0.19 during midday trading on Friday, hitting $85.30. The company's stock had a trading volume of 4,354,321 shares, compared to its average volume of 3,759,586. Fidelity National Information Services, Inc. has a 52-week low of $57.13 and a 52-week high of $91.98. The firm has a 50-day simple moving average of $87.17 and a 200-day simple moving average of $81.19. 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 firm has a market capitalization of $45.92 billion, a P/E ratio of 33.98, a PEG ratio of 0.72 and a beta of 1.03.

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 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. Fidelity National Information Services's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

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.