Parnassus Investments LLC Sells 274,711 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Parnassus Investments LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,951,250 shares of the information technology services provider’s stock after selling 274,711 shares during the period. Parnassus Investments LLC owned 0.54% of Fidelity National Information Services worth $247,167,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in Fidelity National Information Services in the second quarter valued at $30,000. Concord Wealth Partners increased its position in Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 shares during the period. Family Firm Inc. bought a new position in Fidelity National Information Services in the 2nd quarter worth $35,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $35,000. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FIS. Stephens increased their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group lifted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Susquehanna upped their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. TD Cowen raised their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Mizuho upped their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.68.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Up 0.7 %

Shares of FIS stock opened at $88.42 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $53.79 and a 1 year high of $91.98. The firm has a fifty day moving average price of $86.79 and a 200-day moving average price of $80.32. The company has a market cap of $47.60 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 0.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 earnings per share. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.63%. Fidelity National Information Services’s payout ratio is 57.37%.

About Fidelity National Information Services

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.