Primecap Management Co. CA Sells 193,400 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Primecap Management Co. CA lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,333,700 shares of the information technology services provider’s stock after selling 193,400 shares during the quarter. Primecap Management Co. CA owned approximately 0.25% of Fidelity National Information Services worth $107,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIS. Raymond James Financial Inc. bought a new position in Fidelity National Information Services during the fourth quarter valued at approximately $451,458,000. KBC Group NV raised its position in Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after acquiring an additional 1,101,072 shares in the last quarter. Nordea Investment Management AB raised its position in Fidelity National Information Services by 1,304.8% during the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after acquiring an additional 562,154 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after acquiring an additional 538,514 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Fidelity National Information Services by 41.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,208 shares of the information technology services provider’s stock valued at $72,306,000 after purchasing an additional 264,209 shares during the period. Institutional investors own 96.23% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the topic of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Stephens dropped 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 research report on Wednesday, February 12th. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their price target for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Barclays dropped their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Stock Up 1.4 %

Shares of NYSE:FIS opened at $73.24 on Wednesday. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day moving average is $75.03 and its 200-day moving average is $81.57. The company has a market capitalization of $38.79 billion, a PE ratio of 28.06, a P/E/G ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating 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 period in the prior year, the firm posted $0.94 EPS. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 61.30%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

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.