Fidelity National Information Services, Inc. (NYSE:FIS) Stake Lessened by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 38.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,921 shares of the information technology services provider’s stock after selling 2,500 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Fidelity National Information Services were worth $295,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Fidelity National Information Services in the fourth quarter worth about $203,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Fidelity National Information Services by 3.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 32,612 shares of the information technology services provider’s stock valued at $1,959,000 after acquiring an additional 1,123 shares during the last quarter. Congress Wealth Management LLC DE acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at approximately $342,000. Parallel Advisors LLC lifted its stake in Fidelity National Information Services by 18.9% during the fourth quarter. Parallel Advisors LLC now owns 12,841 shares of the information technology services provider’s stock worth $771,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in Fidelity National Information Services in the fourth quarter worth $17,884,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 0.4 %

FIS opened at $84.03 on Wednesday. The stock’s fifty day moving average is $79.50 and its 200-day moving average is $75.79. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $85.63. The company has a market capitalization of $46.74 billion, a PE ratio of -8.21, a P/E/G ratio of 0.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.71%. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FIS. UBS Group increased their target price on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Susquehanna raised their price target on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. Finally, Bank of America upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.25.

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.