Channing Capital Management LLC decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,187 shares of the information technology services provider’s stock after selling 7,902 shares during the quarter. Channing Capital Management LLC owned about 0.06% of Fidelity National Information Services worth $18,602,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Andra AP fonden boosted its stake in Fidelity National Information Services by 2.3% during the 3rd quarter. Andra AP fonden now owns 160,000 shares of the information technology services provider’s stock worth $14,942,000 after acquiring an additional 3,600 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Fidelity National Information Services by 127.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 130,674 shares of the information technology services provider’s stock worth $12,204,000 after acquiring an additional 73,300 shares during the last quarter. Longview Partners Guernsey LTD boosted its stake in Fidelity National Information Services by 5.5% during the 3rd quarter. Longview Partners Guernsey LTD now owns 10,025,942 shares of the information technology services provider’s stock worth $936,323,000 after acquiring an additional 521,300 shares during the last quarter. Parametrica Management Ltd bought a new position in Fidelity National Information Services during the 3rd quarter worth approximately $252,000. Finally, Crossmark Global Holdings Inc. bought a new position in Fidelity National Information Services during the 3rd quarter worth approximately $3,263,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Frank R. Martire sold 400,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.34, for a total value of $36,136,000.00. Following the transaction, the director now directly owns 202,517 shares in the company, valued at approximately $18,295,385.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephan A. James sold 18,368 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $90.14, for a total value of $1,655,691.52. Following the transaction, the director now owns 43,231 shares in the company, valued at $3,896,842.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 518,368 shares of company stock worth $47,027,692. 2.66% of the stock is owned by company insiders.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.12. Fidelity National Information Services had a return on equity of 14.05% and a net margin of 5.82%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the business earned $1.00 EPS. Fidelity National Information Services’s quarterly revenue was down 4.8% compared to the same quarter last year.

Fidelity National Information Services declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase up to 13.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Information Services’s dividend payout ratio is currently 71.60%.

FIS has been the topic of a number of research reports. BidaskClub lowered shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, October 3rd. Stephens reaffirmed a “positive” rating and issued a $101.00 price target (up previously from $93.00) on shares of Fidelity National Information Services in a research note on Thursday, August 3rd. Cowen and Company reaffirmed an “outperform” rating and issued a $92.00 price target (up previously from $90.00) on shares of Fidelity National Information Services in a research note on Monday, July 10th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $102.00 price target (up previously from $94.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $97.19.

ILLEGAL ACTIVITY NOTICE: “Fidelity National Information Services, Inc. (FIS) Position Trimmed by Channing Capital Management LLC” was published by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/fidelity-national-information-services-inc-fis-position-trimmed-by-channing-capital-management-llc/1676026.html.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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