Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Nitorum Capital L.P.

Nitorum Capital L.P. lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 405,062 shares of the information technology services provider's stock after selling 86,294 shares during the period. Fidelity National Information Services comprises about 3.8% of Nitorum Capital L.P.'s portfolio, making the stock its 11th largest holding. Nitorum Capital L.P. owned 0.08% of Fidelity National Information Services worth $32,717,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Capital Research Global Investors raised its position in Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after acquiring an additional 1,082,929 shares during the period. Geode Capital Management LLC raised its position in shares of Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after purchasing an additional 208,127 shares during the last quarter. Boston Partners lifted its stake in Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after buying an additional 446,544 shares in the last quarter. Norges Bank acquired a new stake in Fidelity National Information Services in the 4th quarter worth about $635,202,000. Finally, Invesco Ltd. boosted its holdings in Fidelity National Information Services by 9.1% in the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after buying an additional 632,328 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

FIS has been the topic of several research analyst reports. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price objective for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, Stephens decreased their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average price target of $89.29.

Fidelity National Information Services Trading Down 1.1 %

Fidelity National Information Services stock traded down $0.87 during trading on Thursday, hitting $78.01. The company had a trading volume of 935,821 shares, compared to its average volume of 3,910,624. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company's 50 day simple moving average is $72.80 and its 200-day simple moving average is $79.37. The stock has a market cap of $41.32 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the prior year, the firm posted $0.94 earnings per share. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

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.