Reinhart Partners LLC. Sells 7,747 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Reinhart Partners LLC. reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,559 shares of the information technology services provider's stock after selling 7,747 shares during the period. Reinhart Partners LLC.'s holdings in Fidelity National Information Services were worth $8,705,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FIS. Norges Bank bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth $635,202,000. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services during the 4th quarter valued at $451,458,000. Arrowstreet Capital Limited Partnership raised its stake in Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after purchasing an additional 1,616,146 shares during the last quarter. Capital Research Global Investors raised its stake in Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Fidelity National Information Services by 16.5% during the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after purchasing an additional 982,955 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.21% of the company's stock.

Fidelity National Information Services Price Performance

Shares of FIS traded up $0.68 during trading hours on Friday, hitting $81.22. The stock had a trading volume of 2,450,857 shares, compared to its average volume of 3,465,715. The company's fifty day moving average is $76.62 and its two-hundred day moving average is $77.50. 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, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The stock has a market capitalization of $42.67 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Wall Street Analyst Weigh In

FIS has been the subject of several research analyst reports. UBS Group upped their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company cut their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Truist Financial began coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They set a "hold" rating and a $84.00 target price for the company. Finally, William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.75.

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.