Equity Investment Corp Sells 71,236 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Equity Investment Corp cut its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 980,721 shares of the information technology services provider’s stock after selling 71,236 shares during the period. Fidelity National Information Services comprises approximately 1.9% of Equity Investment Corp’s investment portfolio, making the stock its 26th largest holding. Equity Investment Corp owned 0.18% of Fidelity National Information Services worth $82,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of FIS. Linden Thomas Advisory Services LLC bought a new stake in Fidelity National Information Services in the 2nd quarter valued at about $1,253,000. CENTRAL TRUST Co boosted its stake in Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after buying an additional 10,452 shares in the last quarter. SG Americas Securities LLC boosted its stake in Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after buying an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after buying an additional 11,655 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Fidelity National Information Services by 51.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock valued at $6,344,000 after purchasing an additional 25,701 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Down 0.7 %

NYSE FIS opened at $87.82 on Monday. Fidelity National Information Services, Inc. has a 12 month low of $53.76 and a 12 month high of $91.98. The stock has a market cap of $47.28 billion, a P/E ratio of 34.99, a P/E/G ratio of 0.74 and a beta of 1.06. The stock’s fifty day moving average price is $86.67 and its 200-day moving average price is $80.18. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.64%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 6.41 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on FIS shares. TD Cowen boosted their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. UBS Group boosted their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Bank of America boosted their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, Jefferies Financial Group boosted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average 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.