Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 28.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,095 shares of the information technology services provider’s stock after acquiring an additional 692 shares during the period. Quadrant Capital Group LLC’s holdings in Fidelity National Information Services were worth $169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Laurel Wealth Advisors Inc. grew its holdings in Fidelity National Information Services by 1.5% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock valued at $756,000 after purchasing an additional 111 shares in the last quarter. EP Wealth Advisors LLC grew its position in shares of Fidelity National Information Services by 3.8% during the first quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock worth $311,000 after buying an additional 112 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 83.3% in the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after buying an additional 130 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Fidelity National Information Services by 25.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 904 shares of the information technology services provider’s stock valued at $49,000 after acquiring an additional 183 shares during the last quarter. Finally, Horrell Capital Management Inc. lifted its position in shares of Fidelity National Information Services by 0.6% during the first quarter. Horrell Capital Management Inc. now owns 29,514 shares of the information technology services provider’s stock worth $1,603,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 85.67% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In related news, Director Ellen R. Alemany acquired 855 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were acquired at an average price of $53.00 per share, for a total transaction of $45,315.00. Following the completion of the purchase, the director now directly owns 4,598 shares of the company’s stock, valued at $243,694. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley decreased their target price on Fidelity National Information Services from $79.00 to $73.00 and set an “overweight” rating for the company in a research report on Thursday, August 3rd. Seaport Res Ptn reiterated a “neutral” rating on shares of Fidelity National Information Services in a research note on Thursday, October 12th. Evercore ISI dropped their target price on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “in-line” rating on the stock in a report on Friday, September 29th. UBS Group reaffirmed a “neutral” rating and issued a $58.00 price target on shares of Fidelity National Information Services in a report on Friday, October 20th. Finally, StockNews.com started coverage on shares of Fidelity National Information Services in a research note on Thursday, October 5th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.00.

Fidelity National Information Services Price Performance

Shares of FIS opened at $54.80 on Tuesday. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $79.32. The stock’s fifty day moving average is $53.19 and its 200-day moving average is $55.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $32.47 billion, a price-to-earnings ratio of -1.34, a price-to-earnings-growth ratio of 1.47 and a beta of 0.84.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.80%. Fidelity National Information Services’s dividend payout ratio (DPR) is -5.08%.

About Fidelity National Information Services

Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.