New South Capital Management Inc. Reduces Position in Fidelity National Information Services, Inc. (NYSE:FIS)

New South Capital Management Inc. reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,932 shares of the information technology services provider’s stock after selling 2,971 shares during the period. New South Capital Management Inc.’s holdings in Fidelity National Information Services were worth $12,138,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Kennebec Savings Bank acquired a new position in Fidelity National Information Services in the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at approximately $30,000. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services in the second quarter valued at approximately $35,000. Family Firm Inc. acquired a new position in Fidelity National Information Services during the second quarter worth $35,000. Finally, Concord Wealth Partners boosted its position in shares of Fidelity National Information Services by 50.2% during the third 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 during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 0.4 %

Fidelity National Information Services stock traded up $0.38 during trading on Tuesday, reaching $89.10. 50,079 shares of the company’s stock were exchanged, compared to its average volume of 3,761,527. The company’s 50-day moving average is $86.19 and its two-hundred day moving average is $79.63. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a 52-week low of $52.14 and a 52-week high of $91.98. The firm has a market cap of $47.97 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 0.74 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company earned $0.94 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.36 dividend. 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 1.62%. Fidelity National Information Services’s payout ratio is currently 57.37%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was bought 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. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FIS has been the topic of several research reports. Oppenheimer assumed coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Barclays lifted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted 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. Finally, JPMorgan Chase & Co. increased their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.68.

Fidelity National Information Services 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.