Primecap Management Co. CA Has $107.72 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Primecap Management Co. CA cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,333,700 shares of the information technology services provider’s stock after selling 193,400 shares during the period. Primecap Management Co. CA’s holdings in Fidelity National Information Services were worth $107,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FIS. Larson Financial Group LLC lifted its position in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the period. R Squared Ltd acquired a new position in Fidelity National Information Services during the 4th quarter valued at about $30,000. Groupama Asset Managment lifted its position in Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 319 shares during the period. Morse Asset Management Inc acquired a new position in Fidelity National Information Services during the 3rd quarter valued at about $37,000. Finally, OFI Invest Asset Management acquired a new position in Fidelity National Information Services during the 4th quarter valued at about $40,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays cut their target price 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. Morgan Stanley cut their price target on shares of 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. UBS Group cut their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company cut their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price target for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $88.65.

Fidelity National Information Services Price Performance

Shares of FIS opened at $73.24 on Wednesday. The stock has a market capitalization of $38.79 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.23 and a beta of 1.11. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a 50 day moving average of $75.03 and a 200-day moving average of $81.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued 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 dividend payout ratio is presently 61.30%.

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.