Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Weitz Investment Management Inc.

Weitz Investment Management Inc. trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 33.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 272,500 shares of the information technology services provider’s stock after selling 140,000 shares during the period. Weitz Investment Management Inc.’s holdings in Fidelity National Information Services were worth $22,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FIS. State Street Corp raised its position in Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after acquiring an additional 211,787 shares during the period. Geode Capital Management LLC increased its stake in shares of Fidelity National Information Services by 1.6% during the fourth 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 in the last quarter. Boston Partners raised its position in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Norges Bank acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth about $635,202,000. Finally, Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services in the 4th quarter worth about $451,458,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on FIS shares. Royal Bank of Canada reduced their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Stephens reduced their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley lowered 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $88.65.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Price Performance

FIS stock opened at $74.56 on Wednesday. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The business has a fifty day moving average of $74.18 and a two-hundred day moving average of $80.96. The stock has a market cap of $39.49 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. 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 (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) 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 last year, the company posted $0.94 EPS. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

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.