Capital International Investors Drastically Cuts Shares in Fidelity National Information Services

In a significant move during the second quarter, Capital International Investors slashed its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 65.4%. According to the most recent 13F filing with the Securities & Exchange Commission, the firm sold 18,616,841 shares, leaving it with 9,842,849 shares in the information technology services provider.

Impact on Fidelity National Information Services' Ownership

Following the massive sell-off, Capital International Investors' stake in Fidelity National Information Services diminished to approximately 1.66%, with the value of their remaining holdings at around $538 million. Other key investors have also adjusted their positions in the company recently, contributing to the dynamic changes in FIS's shareholder landscape.

Quarterly Financial Highlights

The shares of FIS experienced upward movement, trading at $54.43 after a mid-day increase of $0.53. The current financial status shows a market cap of $32.25 billion, and while the company grappled with negative earnings, they announced a quarterly dividend of $0.52 per share to be disbursed in December.

Insider Activity and Analyst Perspectives

Amid these adjustments, insider trading activity was noted as Director Ellen R. Alemany acquired 855 shares. On the analyst's end, the stock has received a medley of ratings, but the consensus leans towards a 'Moderate Buy' with a price target averaging around $66.00.

About Fidelity National Information Services

Fidelity National Information Services, globally serving financial institutions and businesses, operates in various segments offering a range of banking, merchant, and capital market solutions.

Investors, Shares, Technology