Weitz Investment Management Inc. Reduces Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Weitz Investment Management Inc. lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 32.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 456,500 shares of the information technology services provider’s stock after selling 219,400 shares during the period. Fidelity National Information Services comprises about 1.4% of Weitz Investment Management Inc.’s investment portfolio, making the stock its 28th largest position. Weitz Investment Management Inc. owned approximately 0.08% of Fidelity National Information Services worth $24,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 83.3% in the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after buying an additional 130 shares during the last quarter. Resources Management Corp CT ADV bought a new stake in shares of Fidelity National Information Services in the first quarter worth $35,000. Elequin Securities LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth $28,000. Barrett & Company Inc. bought a new stake in shares of Fidelity National Information Services in the first quarter worth $27,000. Finally, AlphaMark Advisors LLC bought a new stake in shares of Fidelity National Information Services in the first quarter worth $27,000. Institutional investors own 85.67% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of several recent research reports. Stephens boosted their target price on shares of Fidelity National Information Services from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, August 22nd. Robert W. Baird lowered their target price on shares of Fidelity National Information Services from $80.00 to $75.00 in a research note on Monday, July 3rd. StockNews.com initiated coverage on shares of Fidelity National Information Services in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Mizuho lowered their target price on shares of Fidelity National Information Services from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.70.

Insiders Place Their Bets

In other Fidelity National Information Services news, CFO Erik D. Hoag sold 3,451 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $54.15, for a total transaction of $186,871.65. Following the sale, the chief financial officer now owns 19,887 shares in the company, valued at approximately $1,076,881.05. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Fidelity National Information Services news, Director Ellen R. Alemany bought 760 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were bought at an average price of $58.82 per share, for a total transaction of $44,703.20. Following the acquisition, the director now directly owns 3,743 shares of the company’s stock, valued at $220,163.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik D. Hoag sold 3,451 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $54.15, for a total value of $186,871.65. Following the completion of the transaction, the chief financial officer now owns 19,887 shares in the company, valued at approximately $1,076,881.05. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $55.34 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $57.91 and its two-hundred day moving average price is $56.49. Fidelity National Information Services, Inc. has a 52 week low of $48.57 and a 52 week high of $93.90. The stock has a market cap of $32.79 billion, a PE ratio of -1.39, a price-to-earnings-growth ratio of 0.89 and a beta of 0.83.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.48 by $0.07. Fidelity National Information Services had a negative net margin of 161.74% and a positive return on equity of 12.54%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the business earned $1.73 earnings per share. Fidelity National Information Services’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 6.02 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.08 annualized dividend and a yield of 3.76%. Fidelity National Information Services’s payout ratio is presently -5.23%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.