Capital Group Private Client Services Inc. Sells 130,277 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Capital Group Private Client Services Inc. decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 96.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,992 shares of the information technology services provider’s stock after selling 130,277 shares during the period. Capital Group Private Client Services Inc.’s holdings in Fidelity National Information Services were worth $370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Artemis Investment Management LLP acquired a new position in Fidelity National Information Services in the 4th quarter worth $3,425,000. WASHINGTON TRUST Co boosted its stake in Fidelity National Information Services by 0.9% in the 4th quarter. WASHINGTON TRUST Co now owns 97,334 shares of the information technology services provider’s stock worth $5,847,000 after purchasing an additional 823 shares during the period. Great Lakes Retirement Inc. boosted its stake in Fidelity National Information Services by 3.5% in the 4th quarter. Great Lakes Retirement Inc. now owns 19,280 shares of the information technology services provider’s stock worth $1,158,000 after purchasing an additional 643 shares during the period. Clear Harbor Asset Management LLC acquired a new position in Fidelity National Information Services in the 4th quarter worth $296,000. Finally, Blue Trust Inc. boosted its stake in Fidelity National Information Services by 7.5% in the 4th quarter. Blue Trust Inc. now owns 3,937 shares of the information technology services provider’s stock worth $218,000 after purchasing an additional 275 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on FIS shares. Wedbush restated an “outperform” rating and set a $75.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. TD Cowen increased their price objective on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Mizuho increased their price objective on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Susquehanna restated a “positive” rating and set a $86.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus target price of $79.42.

Fidelity National Information Services Stock Performance

Shares of FIS traded up $1.17 during mid-day trading on Friday, hitting $75.68. 2,334,467 shares of the company’s stock were exchanged, compared to its average volume of 2,564,224. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $78.73. The stock’s 50-day simple moving average is $75.94 and its 200-day simple moving average is $70.78. The firm has a market cap of $42.10 billion, a price-to-earnings ratio of -7.40, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06. 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 (NYSE:FIS) last announced its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction on Monday, July 15th. The shares were purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

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.