Olstein Capital Management L.P. Sells 9,239 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Olstein Capital Management L.P. decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,000 shares of the information technology services provider’s stock after selling 9,239 shares during the period. Olstein Capital Management L.P.’s holdings in Fidelity National Information Services were worth $6,300,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in shares of Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new stake in Fidelity National Information Services during the 3rd quarter valued at $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth $30,000. Concord Wealth Partners lifted its holdings in shares of Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of Fidelity National Information Services during the third quarter valued at $37,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were purchased 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 in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

FIS has been the topic of several research analyst reports. Morgan Stanley upped their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Jefferies Financial Group increased their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Mizuho lifted their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Stephens increased their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Robert W. Baird lifted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Fidelity National Information Services Trading Down 0.1 %

Shares of Fidelity National Information Services stock opened at $79.24 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a fifty day moving average of $82.18 and a 200 day moving average of $82.37. The company has a market capitalization of $42.66 billion, a P/E ratio of 31.57, a P/E/G ratio of 0.60 and a beta of 1.04. Fidelity National Information Services, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the company earned $0.94 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.36 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

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.