Weitz Investment Management Inc. Has $54.12 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Weitz Investment Management Inc. cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 2.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 382,000 shares of the information technology services provider’s stock after selling 10,000 shares during the quarter. Fidelity National Information Services comprises approximately 2.3% of Weitz Investment Management Inc.’s portfolio, making the stock its 16th largest holding. Weitz Investment Management Inc.’s holdings in Fidelity National Information Services were worth $54,118,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FIS. Capital International Investors increased its stake in shares of Fidelity National Information Services by 32.5% in the first quarter. Capital International Investors now owns 24,292,463 shares of the information technology services provider’s stock valued at $3,416,150,000 after buying an additional 5,957,633 shares in the last quarter. BlackRock Inc. increased its stake in shares of Fidelity National Information Services by 9.2% in the first quarter. BlackRock Inc. now owns 47,042,904 shares of the information technology services provider’s stock valued at $6,614,703,000 after buying an additional 3,971,473 shares in the last quarter. Boston Partners increased its stake in shares of Fidelity National Information Services by 406.4% in the first quarter. Boston Partners now owns 2,418,020 shares of the information technology services provider’s stock valued at $340,362,000 after buying an additional 1,940,573 shares in the last quarter. Select Equity Group L.P. increased its position in Fidelity National Information Services by 30.4% in the first quarter. Select Equity Group L.P. now owns 6,953,868 shares of the information technology services provider’s stock worth $977,783,000 after purchasing an additional 1,620,142 shares during the period. Finally, Steadfast Capital Management LP increased its position in Fidelity National Information Services by 37.8% in the first quarter. Steadfast Capital Management LP now owns 3,715,011 shares of the information technology services provider’s stock worth $522,368,000 after purchasing an additional 1,018,201 shares during the period. Institutional investors own 89.17% of the company’s stock.

Shares of NYSE:FIS traded up $1.76 during trading on Wednesday, hitting $125.18. 18,237 shares of the company’s stock traded hands, compared to its average volume of 3,433,038. Fidelity National Information Services, Inc. has a 52 week low of $120.17 and a 52 week high of $155.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The company has a market cap of $77.32 billion, a price-to-earnings ratio of 881.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81. The company has a 50-day moving average price of $135.95 and a 200-day moving average price of $143.04.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 3rd. The information technology services provider reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.06. The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.39 billion. Fidelity National Information Services had a return on equity of 7.62% and a net margin of 0.69%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS. On average, analysts predict that Fidelity National Information Services, Inc. will post 6.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 10th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, September 9th. Fidelity National Information Services’s payout ratio is 28.57%.

A number of analysts recently commented on FIS shares. Rosenblatt Securities lifted their price objective on Fidelity National Information Services from $150.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 4th. Mizuho reiterated a “buy” rating and issued a $185.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, June 30th. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $153.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Truist lowered Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 target price for the company. in a research report on Monday, June 7th. They noted that the move was a valuation call. Finally, Raymond James decreased their target price on Fidelity National Information Services from $194.00 to $178.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 4th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $163.93.

In other news, Director Jeffrey A. Goldstein bought 2,222 shares of the business’s stock in a transaction on Monday, August 9th. The shares were purchased at an average price of $134.05 per share, for a total transaction of $297,859.10. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.

Featured Story: Correction

Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS).

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.