Capital International Investors Sells 816,395 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Capital International Investors cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,384,910 shares of the information technology services provider’s stock after selling 816,395 shares during the quarter. Capital International Investors owned about 1.51% of Fidelity National Information Services worth $621,993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services during the first quarter valued at $29,000. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $29,000. Palisade Asset Management LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter valued at $37,000. Delta Asset Management LLC TN boosted its position in shares of Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 450 shares during the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $35,000. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on FIS shares. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Mizuho increased their price objective on Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, Royal Bank of Canada raised their target price on Fidelity National Information Services from $82.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.42.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE FIS traded up $1.17 during trading hours on Friday, reaching $75.68. The company’s stock had a trading volume of 2,334,462 shares, compared to its average volume of 4,193,692. The firm’s 50-day moving average price is $75.94 and its 200-day moving average price is $70.78. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $78.73. The company has a market capitalization of $42.10 billion, a price-to-earnings ratio of -7.40, a PEG ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the firm earned $1.29 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

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.