Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 15.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 472,111 shares of the information technology services provider's stock after selling 87,363 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.09% of Fidelity National Information Services worth $38,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PGGM Investments increased its position in shares of Fidelity National Information Services by 18.9% during the fourth quarter. PGGM Investments now owns 171,659 shares of the information technology services provider's stock worth $13,865,000 after acquiring an additional 27,268 shares during the period. Achmea Investment Management B.V. purchased a new position in shares of Fidelity National Information Services during the fourth quarter worth approximately $2,887,000. Sequoia Financial Advisors LLC increased its position in shares of Fidelity National Information Services by 11.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,053 shares of the information technology services provider's stock worth $650,000 after acquiring an additional 804 shares during the period. Wealthfront Advisers LLC increased its position in shares of Fidelity National Information Services by 200.0% during the fourth quarter. Wealthfront Advisers LLC now owns 49,257 shares of the information technology services provider's stock worth $3,978,000 after acquiring an additional 32,839 shares during the period. Finally, Independent Advisor Alliance increased its holdings in Fidelity National Information Services by 17.7% during the fourth quarter. Independent Advisor Alliance now owns 7,900 shares of the information technology services provider's stock valued at $638,000 after buying an additional 1,188 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Fidelity National Information Services Stock Performance

FIS traded up $0.98 on Tuesday, reaching $73.24. The stock had a trading volume of 5,841,208 shares, compared to its average volume of 3,371,518. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The business's 50-day moving average price is $75.15 and its two-hundred day moving average price is $81.63. The company has a market cap of $38.79 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company earned $0.94 earnings per share. Sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's payout ratio is currently 61.30%.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIS. Royal Bank of Canada cut their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Barclays cut their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. UBS Group cut their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Compass Point lowered their target price 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. Finally, Stephens lowered 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 note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $88.65.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were 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. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is currently 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.