Southeastern Asset Management Inc. TN Has $117.16 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Southeastern Asset Management Inc. TN lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,450,559 shares of the information technology services provider’s stock after selling 47,245 shares during the quarter. Fidelity National Information Services comprises 5.5% of Southeastern Asset Management Inc. TN’s investment portfolio, making the stock its 6th largest holding. Southeastern Asset Management Inc. TN’s holdings in Fidelity National Information Services were worth $117,162,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FIS. Norges Bank bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $635,202,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $451,458,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Fidelity National Information Services by 100.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock valued at $261,037,000 after acquiring an additional 1,616,146 shares in the last quarter. KBC Group NV increased its stake in Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after purchasing an additional 1,101,072 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on FIS shares. Wells Fargo & Company decreased 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 note on Wednesday, February 12th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Compass Point decreased their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Citigroup upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and boosted their price target for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Finally, TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.11.

Fidelity National Information Services Trading Up 0.8%

Shares of FIS opened at $78.68 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $74.46 and its 200-day moving average price is $78.46. The stock has a market cap of $41.34 billion, a PE ratio of 30.15, a P/E/G ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

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

Fidelity National Information Services Dividend Announcement

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

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 844 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

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.