PNC Financial Services Group Inc. decreased its stake in Fidelity National Information Services Inc. (NYSE:FIS) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 273,090 shares of the company’s stock after selling 1,241 shares during the period. PNC Financial Services Group Inc.’s holdings in Fidelity National Information Services were worth $21,036,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FIS. Financial Architects Inc raised its stake in shares of Fidelity National Information Services by 30.2% in the third quarter. Financial Architects Inc now owns 1,359 shares of the company’s stock valued at $104,000 after buying an additional 315 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in shares of Fidelity National Information Services by 8.1% in the second quarter. Daiwa SB Investments Ltd. now owns 1,470 shares of the company’s stock valued at $107,000 after buying an additional 110 shares in the last quarter. Ropes Wealth Advisors LLC bought a new stake in shares of Fidelity National Information Services during the second quarter valued at approximately $130,000. Point72 Asia Hong Kong Ltd raised its stake in shares of Fidelity National Information Services by 800.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,800 shares of the company’s stock valued at $133,000 after buying an additional 1,600 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its stake in shares of Fidelity National Information Services by 18.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,961 shares of the company’s stock valued at $144,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.

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

Shares of Fidelity National Information Services Inc. (NYSE:FIS) traded down 0.957% during mid-day trading on Wednesday, hitting $78.145. 432,821 shares of the company’s stock traded hands. The stock has a market cap of $25.65 billion, a P/E ratio of 54.117 and a beta of 0.88. Fidelity National Information Services Inc. has a 1-year low of $55.11 and a 1-year high of $81.67. The stock has a 50 day moving average price of $76.19 and a 200-day moving average price of $76.44.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, November 1st. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. Fidelity National Information Services had a net margin of 5.38% and a return on equity of 12.15%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company earned $0.90 EPS. The company’s revenue for the quarter was up 46.2% compared to the same quarter last year. Equities research analysts anticipate that Fidelity National Information Services Inc. will post $3.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 71.72%.

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Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Fidelity National Information Services from a “sell” rating to a “hold” rating and set a $84.00 price target on the stock in a research note on Wednesday, November 2nd. Pacific Crest assumed coverage on shares of Fidelity National Information Services in a research note on Friday, November 18th. They issued an “overweight” rating and a $86.00 price objective on the stock. Barclays PLC lifted their price objective on shares of Fidelity National Information Services from $88.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, September 26th. Wedbush assumed coverage on shares of Fidelity National Information Services in a research note on Thursday, September 8th. They issued an “outperform” rating and a $92.00 price objective on the stock. Finally, Cantor Fitzgerald assumed coverage on shares of Fidelity National Information Services in a research note on Friday, October 7th. They issued a “buy” rating and a $89.00 price objective on the stock. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Fidelity National Information Services has an average rating of “Buy” and an average price target of $85.80.

In related news, COO Anthony M. Jabbour sold 145,000 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $75.89, for a total value of $11,004,050.00. Following the sale, the chief operating officer now owns 301,754 shares of the company’s stock, valued at approximately $22,900,111.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory G. Montana sold 15,904 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $73.77, for a total transaction of $1,173,238.08. Following the completion of the sale, the executive vice president now directly owns 34,335 shares in the company, valued at approximately $2,532,892.95. The disclosure for this sale can be found here. 2.29% of the stock is currently owned by corporate insiders.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

5 Day Chart for NYSE:FIS

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