Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 100.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,231,856 shares of the information technology services provider’s stock after purchasing an additional 1,616,146 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Fidelity National Information Services were worth $261,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $635,202,000. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services during the fourth quarter worth approximately $451,458,000. KBC Group NV lifted its position in shares of Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after buying an additional 1,101,072 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Fidelity National Information Services by 1,304.8% in the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after buying an additional 562,154 shares in the last quarter. Finally, Boston Partners grew its position in shares of Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock valued at $968,326,000 after buying an additional 446,544 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $73.64 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50 day moving average price of $74.34 and a 200 day moving average price of $81.11. The company has a market cap of $39.01 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the business posted $0.94 earnings per share. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 61.30%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Raymond James downgraded shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Wells Fargo & Company dropped their price target on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. UBS Group reduced their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.65.

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.