Southeastern Asset Management Inc. TN Sells 47,245 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Southeastern Asset Management Inc. TN trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,450,559 shares of the information technology services provider’s stock after selling 47,245 shares during the period. Fidelity National Information Services comprises about 5.5% of Southeastern Asset Management Inc. TN’s investment portfolio, making the stock its 6th biggest position. Southeastern Asset Management Inc. TN owned about 0.27% of Fidelity National Information Services worth $117,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of FIS. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $30,000. OFI Invest Asset Management bought a new position in Fidelity National Information Services during the 4th quarter valued at about $40,000. Grove Bank & Trust raised its stake in shares of Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 399 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of Fidelity National Information Services by 70.2% in the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider’s stock worth $49,000 after acquiring an additional 250 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 0.8%

Shares of Fidelity National Information Services stock opened at $78.68 on Friday. The company has a market capitalization of $41.34 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.23 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The firm’s 50-day moving average price is $74.46 and its two-hundred day moving average price is $78.46.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted $1.33 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

FIS has been the subject of several analyst reports. Wells Fargo & Company lowered their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Barclays reduced their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Morgan Stanley dropped their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.11.

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.