Poplar Forest Capital LLC Sells 61,616 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Poplar Forest Capital LLC reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 242,514 shares of the information technology services provider's stock after selling 61,616 shares during the period. Fidelity National Information Services accounts for approximately 2.8% of Poplar Forest Capital LLC's investment portfolio, making the stock its 19th biggest holding. Poplar Forest Capital LLC's holdings in Fidelity National Information Services were worth $20,311,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services during the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services during the second quarter valued at approximately $35,000. Concord Wealth Partners lifted its holdings in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock worth $37,000 after purchasing an additional 146 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in Fidelity National Information Services during the 2nd quarter valued at $45,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

NYSE FIS traded down $0.23 during trading hours on Thursday, hitting $86.21. The company had a trading volume of 2,077,176 shares, compared to its average volume of 3,771,556. Fidelity National Information Services, Inc. has a 52 week low of $50.85 and a 52 week high of $91.98. The firm has a 50 day simple moving average of $85.85 and a 200 day simple moving average of $79.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $47.03 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 0.79 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the business posted $0.94 earnings per share. The firm's revenue was up 3.1% compared to the same quarter last year. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.09 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is currently 57.37%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FIS shares. Morgan Stanley increased their price objective on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Mizuho increased their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a research report on Tuesday. Barclays lifted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Jefferies Financial Group boosted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.75.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares of the company's stock, valued at $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Company 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.