Diamond Hill Capital Management Inc. Sells 120,185 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Diamond Hill Capital Management Inc. trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 559,474 shares of the information technology services provider's stock after selling 120,185 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.10% of Fidelity National Information Services worth $46,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider's stock worth $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. Boston Partners lifted its holdings in Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock worth $293,560,000 after purchasing an additional 3,535,596 shares during the last quarter. Raymond James & Associates lifted its holdings in Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock worth $343,693,000 after purchasing an additional 3,357,329 shares during the last quarter. Finally, Mizuho Markets Americas LLC lifted its holdings in Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider's stock worth $278,041,000 after purchasing an additional 2,011,848 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded up $0.82 during mid-day trading on Monday, hitting $88.89. 1,251,699 shares of the company were exchanged, compared to its average volume of 3,766,612. The company has a quick ratio of 1.35, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $86.07 and a 200 day moving average of $79.50. Fidelity National Information Services, Inc. has a 1-year low of $52.14 and a 1-year high of $91.98. The company has a market capitalization of $47.85 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the company posted $0.94 earnings per share. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.62%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Analyst Ratings Changes

Several research analysts have commented on FIS shares. Susquehanna lifted their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a research report on Tuesday, November 5th. Royal Bank of Canada increased their price objective on Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Jefferies Financial Group increased their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Stephens increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $89.68.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

About Fidelity National Information Services

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.