Southpoint Capital Advisors LP Has $83.75 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Southpoint Capital Advisors LP cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 50.0% in the third quarter, HoldingsChannel reports. The fund owned 1,000,000 shares of the information technology services provider’s stock after selling 1,000,000 shares during the quarter. Fidelity National Information Services accounts for 2.0% of Southpoint Capital Advisors LP’s portfolio, making the stock its 21st biggest holding. Southpoint Capital Advisors LP’s holdings in Fidelity National Information Services were worth $83,750,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FIS. Larson Financial Group LLC boosted its position in Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 159 shares during the period. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services during the 3rd quarter worth about $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $30,000. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $35,000. Finally, Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $35,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In related news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Down 0.3 %

Shares of FIS opened at $85.33 on Friday. The stock has a fifty day moving average price of $87.02 and a two-hundred day moving average price of $80.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a 52-week low of $57.13 and a 52-week high of $91.98. The company has a market cap of $45.94 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 0.72 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data 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 firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. Fidelity National Information Services’s payout ratio is currently 57.37%.

Wall Street Analyst Weigh In

FIS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird raised their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley raised their price objective on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.50.

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.