Fidelity National Information Services, Inc. (NYSE:FIS) is Southeastern Asset Management Inc. TN's 6th Largest Position

Southeastern Asset Management Inc. TN reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,450,559 shares of the information technology services provider's stock after selling 47,245 shares during the period. Fidelity National Information Services accounts for 5.5% of Southeastern Asset Management Inc. TN's portfolio, making the stock its 6th biggest holding. Southeastern Asset Management Inc. TN owned 0.27% of Fidelity National Information Services worth $117,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FIS. R Squared Ltd bought a new stake in Fidelity National Information Services in the 4th quarter worth approximately $30,000. OFI Invest Asset Management bought a new stake in Fidelity National Information Services in the 4th quarter worth approximately $40,000. Grove Bank & Trust increased its stake in Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 399 shares during the last quarter. CoreCap Advisors LLC increased its stake in Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in Fidelity National Information Services by 70.2% in the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after acquiring an additional 250 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Up 1.4%

Shares of FIS traded up $1.13 during midday trading on Monday, reaching $80.99. 3,139,113 shares of the stock were exchanged, compared to its average volume of 3,493,500. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $74.69 and its two-hundred day moving average is $78.22. The company has a market capitalization of $42.55 billion, a P/E ratio of 31.03, a PEG ratio of 1.23 and a beta of 1.08.

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

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's payout ratio is 105.96%.

Wall Street Analyst Weigh In

FIS has been the topic of a number of research reports. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a research note on Wednesday, April 23rd. Robert W. Baird boosted their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 4th. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Barclays cut their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group boosted their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of "Moderate Buy" and an average price target of $91.11.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company 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.