Hotchkis & Wiley Capital Management LLC Sells 47,760 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Hotchkis & Wiley Capital Management LLC decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,791,153 shares of the information technology services provider's stock after selling 47,760 shares during the quarter. Fidelity National Information Services comprises approximately 1.6% of Hotchkis & Wiley Capital Management LLC's holdings, making the stock its 17th largest position. Hotchkis & Wiley Capital Management LLC owned about 1.08% of Fidelity National Information Services worth $485,009,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FIS. Cetera Investment Advisers lifted its position in shares of Fidelity National Information Services by 901.8% in the 1st quarter. Cetera Investment Advisers now owns 103,983 shares of the information technology services provider's stock worth $7,713,000 after acquiring an additional 93,603 shares during the period. Cetera Advisors LLC lifted its position in shares of Fidelity National Information Services by 59.6% during the 1st quarter. Cetera Advisors LLC now owns 9,759 shares of the information technology services provider's stock worth $724,000 after buying an additional 3,646 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Fidelity National Information Services by 45.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,832 shares of the information technology services provider's stock worth $138,000 after buying an additional 570 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $64,000. Finally, Mather Group LLC. lifted its position in shares of Fidelity National Information Services by 23.3% during the 2nd quarter. Mather Group LLC. now owns 1,433 shares of the information technology services provider's stock worth $106,000 after buying an additional 271 shares during the period. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 0.2 %

FIS stock traded up $0.13 during midday trading on Tuesday, hitting $85.26. 4,191,514 shares of the company's stock were exchanged, compared to its average volume of 3,549,338. The stock's fifty day moving average price is $87.02 and its 200-day moving average price is $81.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $45.90 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. Fidelity National Information Services, Inc. has a one year low of $57.13 and a one year high of $91.98.

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

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued 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 1.69%. Fidelity National Information Services's dividend payout ratio (DPR) is 57.37%.

Wall Street Analyst Weigh In

FIS has been the subject of several analyst reports. Compass Point initiated coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They set a "buy" rating and a $126.00 target price for the company. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Mizuho raised their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. UBS Group raised their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group raised their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 6.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

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.