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

Equity Investment Corp decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 6.8% during the third quarter, Holdings Channel reports. The fund 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 biggest position. Equity Investment Corp’s holdings in Fidelity National Information Services were worth $82,135,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FIS. Boston Partners raised its stake in shares of Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after buying an additional 3,868,683 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Fidelity National Information Services by 982.6% in the second 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 buying an additional 3,535,596 shares during the period. Raymond James & Associates raised its stake 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 worth $343,693,000 after buying an additional 3,357,329 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Fidelity National Information Services in the second quarter worth about $83,562,000. Finally, Zurich Insurance Group Ltd FI bought a new stake in Fidelity National Information Services during the 2nd quarter valued at approximately $40,029,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $87.82 on Monday. Fidelity National Information Services, Inc. has a one year low of $53.76 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $47.28 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. The stock has a 50 day moving average price of $86.67 and a 200-day moving average price of $80.18.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (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 during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.94 EPS. Fidelity National Information Services’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Jefferies Financial Group raised their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Bank of America raised their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. raised their price target 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. Finally, Barclays raised their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.68.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was 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. This trade represents a 6.41 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.