Diamond Hill Capital Management Inc. Reduces Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Diamond Hill Capital Management Inc. cut its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 472,111 shares of the information technology services provider’s stock after selling 87,363 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.09% of Fidelity National Information Services worth $38,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Fidelity National Information Services in the 4th quarter valued at about $2,593,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth about $451,458,000. Avanza Fonder AB purchased a new position in Fidelity National Information Services in the fourth quarter valued at about $3,227,000. Princeton Global Asset Management LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth approximately $2,313,000. Finally, Csenge Advisory Group raised its position in shares of Fidelity National Information Services by 44.4% in the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after purchasing an additional 4,134 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIS. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada reduced their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Finally, Barclays cut their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Trading Up 2.4 %

Shares of NYSE:FIS opened at $69.76 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $75.47 and its 200 day moving average price is $81.76. The company has a market cap of $36.95 billion, a PE ratio of 26.73, a P/E/G ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the previous year, the firm earned $0.94 EPS. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be paid a $0.40 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.29%. Fidelity National Information Services’s dividend payout ratio is presently 61.30%.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

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.