Olstein Capital Management L.P. Sells 11,761 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Olstein Capital Management L.P. decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,239 shares of the information technology services provider's stock after selling 11,761 shares during the period. Olstein Capital Management L.P.'s holdings in Fidelity National Information Services were worth $7,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FIS. Cadence Bank grew its position in shares of Fidelity National Information Services by 1.9% during the first quarter. Cadence Bank now owns 7,145 shares of the information technology services provider's stock worth $530,000 after acquiring an additional 132 shares during the last quarter. Graypoint LLC boosted its stake in Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock valued at $253,000 after purchasing an additional 132 shares during the period. Atomi Financial Group Inc. grew its position in Fidelity National Information Services by 3.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock worth $349,000 after purchasing an additional 135 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Fidelity National Information Services by 6.8% during the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider's stock valued at $166,000 after buying an additional 143 shares during the last quarter. Finally, Concord Wealth Partners grew its holdings in 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 buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FIS. Royal Bank of Canada lifted their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a research note on Tuesday. Stephens upped 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 Friday, October 18th. UBS Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday. Jefferies Financial Group upped their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Finally, Susquehanna upped their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and an average target price of $88.75.

Fidelity National Information Services Stock Up 0.3 %

Fidelity National Information Services stock traded up $0.24 during mid-day trading on Thursday, hitting $86.68. The company's stock had a trading volume of 4,177,508 shares, compared to its average volume of 3,781,279. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.35. Fidelity National Information Services, Inc. has a 52-week low of $50.85 and a 52-week high of $91.98. The firm's 50 day moving average is $85.85 and its 200 day moving average is $79.22. The company has a market cap of $47.29 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data 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. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.66%. Fidelity National Information Services's payout ratio is 57.37%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.