Principal Financial Group Inc. Sells 55,595 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Principal Financial Group Inc. reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,311,616 shares of the information technology services provider’s stock after selling 55,595 shares during the quarter. Principal Financial Group Inc.’s holdings in Fidelity National Information Services were worth $105,939,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its holdings in Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock valued at $371,343,000 after acquiring an additional 538,514 shares in the last quarter. FMR LLC increased its holdings in shares of Fidelity National Information Services by 6.7% during the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider’s stock valued at $234,015,000 after acquiring an additional 174,673 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Fidelity National Information Services by 9.2% during the third quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after acquiring an additional 112,842 shares in the last quarter. Finally, Fernbridge Capital Management LP increased its holdings in shares of Fidelity National Information Services by 11.5% during the third quarter. Fernbridge Capital Management LP now owns 1,286,173 shares of the information technology services provider’s stock valued at $107,717,000 after acquiring an additional 133,039 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Up 0.9 %

FIS stock opened at $69.61 on Wednesday. Fidelity National Information Services, Inc. has a 1-year low of $62.17 and a 1-year high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $79.90 and its two-hundred day simple moving average is $82.77. The stock has a market cap of $37.48 billion, a P/E ratio of 27.73, a P/E/G ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the previous year, the firm posted $0.94 EPS. Analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently declared 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 2.30%. The ex-dividend date is Tuesday, March 11th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group decreased their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday. Finally, Stephens decreased their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Information Services currently has an average rating of “Hold” and a consensus target price of $87.36.

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.