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

New South Capital Management Inc. decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the 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 filing with the SEC.

Other large investors have also modified their holdings of the company. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the third quarter worth about $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services during the second quarter worth about $30,000. Concord Wealth Partners raised its stake in 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 acquiring an additional 146 shares during the period. Family Firm Inc. acquired a new stake in Fidelity National Information Services during the second quarter worth about $35,000. Finally, EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services during the second quarter worth about $35,000. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now owns 10,397 shares of the company’s stock, valued at approximately $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 is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE:FIS traded up $0.38 during trading hours 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 has a market capitalization of $47.97 billion, a P/E ratio of 35.35, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12 month low of $52.14 and a 12 month high of $91.98. The company has a quick ratio of 1.35, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The business’s 50-day simple moving average is $86.19 and its two-hundred day simple moving average is $79.63.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data 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 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 analyst estimates of $2.56 billion. During the same quarter last year, the business posted $0.94 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal 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 paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Wall Street Analysts Forecast Growth

FIS has been the topic of several research reports. Deutsche Bank Aktiengesellschaft increased 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 note on Wednesday, August 7th. Barclays raised their price target on shares of 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. Morgan Stanley raised their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Bank of America raised their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Susquehanna raised their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.68.

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.