PNC Financial Services Group Inc. Has $21.94 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

PNC Financial Services Group Inc. reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 271,599 shares of the information technology services provider’s stock after selling 5,688 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity National Information Services were worth $21,937,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $97,000. Machina Capital S.A.S. acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $1,849,000. Andra AP fonden bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $7,423,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter worth $689,000. Finally, Callan Family Office LLC increased its position in Fidelity National Information Services by 666.6% during the fourth quarter. Callan Family Office LLC now owns 24,507 shares of the information technology services provider’s stock worth $1,979,000 after acquiring an additional 21,310 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Up 0.0 %

FIS stock opened at $71.29 on Tuesday. The business has a fifty day moving average price of $76.17 and a 200 day moving average price of $82.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a fifty-two week low of $66.72 and a fifty-two week high of $91.98. The stock has a market capitalization of $37.76 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period last year, the firm earned $0.94 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FIS. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Morgan Stanley decreased their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company cut their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods cut their target price on 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, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $88.65.

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.