New South Capital Management Inc. Sells 45,807 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

New South Capital Management Inc. lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 31.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 99,125 shares of the information technology services provider’s stock after selling 45,807 shares during the period. New South Capital Management Inc.’s holdings in Fidelity National Information Services were worth $8,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIS. Larson Financial Group LLC grew its position in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $30,000. Groupama Asset Managment grew its position in shares of Fidelity National Information Services by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at about $37,000. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

FIS has been the topic of a number of analyst reports. Barclays reduced their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Stephens reduced their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada cut their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, UBS Group cut their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.65.

Fidelity National Information Services Stock Down 0.3 %

FIS stock opened at $69.67 on Thursday. The stock’s 50 day simple moving average is $76.80 and its 200 day simple moving average is $82.16. Fidelity National Information Services, Inc. has a fifty-two week low of $66.72 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $36.91 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.30%. Fidelity National Information Services’s dividend payout ratio is 61.30%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.