Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Weitz Investment Management Inc.

Weitz Investment Management Inc. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 33.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 272,500 shares of the information technology services provider's stock after selling 140,000 shares during the quarter. Weitz Investment Management Inc. owned approximately 0.05% of Fidelity National Information Services worth $22,010,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FIS. R Squared Ltd bought a new position in Fidelity National Information Services in the 4th quarter worth about $30,000. Morse Asset Management Inc purchased a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $37,000. OFI Invest Asset Management bought a new position in Fidelity National Information Services in the fourth quarter worth approximately $40,000. Grove Bank & Trust increased its holdings in Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 399 shares during the period. Finally, Sound Income Strategies LLC raised its position in Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after purchasing an additional 250 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Compass Point cut their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Morgan Stanley dropped their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, Barclays lowered their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $88.05.

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Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Performance

NYSE:FIS traded down $4.61 during trading hours on Friday, hitting $69.90. 8,777,991 shares of the company were exchanged, compared to its average volume of 3,438,916. The company's 50 day moving average price is $73.84 and its 200-day moving average price is $80.75. The stock has a market capitalization of $37.02 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 in the previous year, the business posted $0.94 earnings per share. As a group, research analysts forecast 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 was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

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.