Reinhart Partners LLC. Sells 26,863 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Reinhart Partners LLC. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,306 shares of the information technology services provider's stock after selling 26,863 shares during the quarter. Reinhart Partners LLC.'s holdings in Fidelity National Information Services were worth $10,040,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in 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 worth $293,560,000 after purchasing an additional 3,535,596 shares during the period. Raymond James & Associates boosted its position in shares of Fidelity National Information Services by 449.8% in 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. Nordea Investment Management AB increased its holdings in Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider's stock worth $48,927,000 after acquiring an additional 562,154 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $40,029,000. Finally, Fernbridge Capital Management LP boosted its holdings in Fidelity National Information Services by 67.2% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider's stock valued at $86,900,000 after purchasing an additional 463,613 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Buying and Selling

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

Analyst Ratings Changes

FIS has been the topic of a number of recent analyst reports. Robert W. Baird increased their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Jefferies Financial Group raised their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Susquehanna boosted their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a research note on Tuesday, November 5th. BNP Paribas lowered shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a research report on Wednesday, November 20th. Finally, Stephens raised their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $92.19.

Fidelity National Information Services Trading Up 1.9 %

Shares of NYSE:FIS traded up $1.44 on Monday, hitting $78.57. The company had a trading volume of 3,154,815 shares, compared to its average volume of 2,561,567. Fidelity National Information Services, Inc. has a 1 year low of $58.24 and a 1 year high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm's 50-day simple moving average is $83.79 and its two-hundred day simple moving average is $82.25. The firm has a market capitalization of $42.30 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 0.72 and a beta of 1.04.

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 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion for 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 firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 earnings per share. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services's dividend payout ratio is presently 57.37%.

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.