Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD cut its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 46.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,506 shares of the information technology services provider's stock after selling 8,938 shares during the quarter. Mondrian Investment Partners LTD's holdings in Fidelity National Information Services were worth $856,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FIS. State Street Corp grew its stake in Fidelity National Information Services by 0.9% during the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after buying an additional 211,787 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services in the fourth quarter worth about $451,458,000. The Manufacturers Life Insurance Company grew its stake in shares of Fidelity National Information Services by 13.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after acquiring an additional 538,514 shares during the last quarter. FMR LLC increased its holdings in shares of Fidelity National Information Services by 6.7% during the third quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock valued at $234,015,000 after acquiring an additional 174,673 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Fidelity National Information Services by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider's stock valued at $117,571,000 after purchasing an additional 112,842 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. BNP Paribas downgraded Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research report on Wednesday, November 20th. Compass Point lowered their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company cut their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Finally, Morgan Stanley decreased their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Fidelity National Information Services has an average rating of "Hold" and a consensus price target of $88.65.

Fidelity National Information Services Price Performance

FIS traded up $0.98 on Tuesday, hitting $73.24. 5,841,208 shares of the company's stock were exchanged, compared to its average volume of 3,371,518. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The stock has a market cap of $38.79 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 1.23 and a beta of 1.10. The firm has a 50-day moving average price of $75.15 and a 200-day moving average price of $81.63. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 last year, the firm earned $0.94 EPS. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.40 per share. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

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.