Capital Research Global Investors trimmed its position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) by 42.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,168,151 shares of the information technology services provider’s stock after selling 9,727,139 shares during the period. Capital Research Global Investors’ holdings in Fidelity National Information Servcs were worth $1,831,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Blair William & Co. IL raised its holdings in Fidelity National Information Servcs by 2.6% in the 4th quarter. Blair William & Co. IL now owns 178,840 shares of the information technology services provider’s stock worth $24,875,000 after purchasing an additional 4,479 shares in the last quarter. Alpine Woods Capital Investors LLC lifted its stake in shares of Fidelity National Information Servcs by 30.8% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 24,726 shares of the information technology services provider’s stock valued at $3,439,000 after buying an additional 5,820 shares in the last quarter. Voya Financial Advisors Inc. boosted its holdings in Fidelity National Information Servcs by 19.1% in the 3rd quarter. Voya Financial Advisors Inc. now owns 4,532 shares of the information technology services provider’s stock worth $592,000 after buying an additional 728 shares during the period. Canandaigua National Bank & Trust Co. boosted its holdings in Fidelity National Information Servcs by 4.2% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 9,307 shares of the information technology services provider’s stock worth $1,295,000 after buying an additional 374 shares during the period. Finally, Prestige Wealth Management Group LLC bought a new position in Fidelity National Information Servcs in the 3rd quarter worth $125,000. 90.63% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on FIS shares. Cantor Fitzgerald raised their price target on Fidelity National Information Servcs from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Barclays upped their price objective on Fidelity National Information Servcs from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Raymond James increased their target price on Fidelity National Information Servcs from $157.00 to $179.00 and gave the stock a “strong-buy” rating in a research report on Monday, February 10th. Wells Fargo & Co increased their target price on Fidelity National Information Servcs from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. They noted that the move was a valuation call. Finally, KeyCorp decreased their target price on Fidelity National Information Servcs from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $161.14.

In related news, COO Stephanie Ferris sold 52,547 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $155.39, for a total value of $8,165,278.33. Following the sale, the chief operating officer now directly owns 21,659 shares of the company’s stock, valued at approximately $3,365,592.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marc M. Mayo sold 18,086 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $150.00, for a total transaction of $2,712,900.00. Following the completion of the sale, the executive vice president now directly owns 23,288 shares in the company, valued at $3,493,200. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,206 shares of company stock valued at $15,035,104. 1.43% of the stock is currently owned by insiders.

Fidelity National Information Servcs stock traded up $1.80 during midday trading on Thursday, reaching $122.17. 156,959 shares of the stock traded hands, compared to its average volume of 6,656,247. The stock has a market cap of $73.44 billion, a P/E ratio of 128.85, a PEG ratio of 2.57 and a beta of 0.59. The stock’s fifty day moving average is $138.41 and its 200-day moving average is $136.88. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Fidelity National Information Servcs Inc has a 12 month low of $91.68 and a 12 month high of $158.21.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Thursday, February 13th. The information technology services provider reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Information Servcs had a return on equity of 9.60% and a net margin of 2.88%. The company’s revenue was up 54.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. On average, equities analysts predict that Fidelity National Information Servcs Inc will post 6.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, March 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 24.96%.

About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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