Equity Investment Corp Has $82.14 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Equity Investment Corp lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 980,721 shares of the information technology services provider's stock after selling 71,236 shares during the quarter. Fidelity National Information Services accounts for about 1.9% of Equity Investment Corp's investment portfolio, making the stock its 26th biggest position. Equity Investment Corp owned about 0.18% of Fidelity National Information Services worth $82,135,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Fidelity National Information Services by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider's stock worth $395,729,000 after buying an additional 249,678 shares in the last quarter. Legal & General Group Plc grew its position in Fidelity National Information Services by 1.6% in the second quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider's stock valued at $372,135,000 after acquiring an additional 75,429 shares during the period. Boston Partners raised its stake in Fidelity National Information Services by 642.7% during the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock worth $331,047,000 after acquiring an additional 3,868,683 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock valued at $343,693,000 after acquiring an additional 3,357,329 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of 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 valued at $293,560,000 after purchasing an additional 3,535,596 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $0.60 on Monday, reaching $88.42. The stock had a trading volume of 2,725,976 shares, compared to its average volume of 3,761,250. Fidelity National Information Services, Inc. has a 12 month low of $53.79 and a 12 month high of $91.98. The firm has a market capitalization of $47.60 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 0.74 and a beta of 1.06. The firm's 50-day moving average is $86.79 and its two-hundred day moving average is $80.32. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

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, beating analysts' consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business's revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.18 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 Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's payout ratio is presently 57.37%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIS. Jefferies Financial Group boosted their price target on shares of 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 upped their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada boosted their price objective on shares of 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. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average target price of $89.68.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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.