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

Arrowstreet Capital Limited Partnership grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,231,856 shares of the information technology services provider’s stock after acquiring an additional 1,616,146 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.60% of Fidelity National Information Services worth $261,037,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. raised its stake in shares of Fidelity National Information Services by 61.9% in the fourth quarter. MV Capital Management Inc. now owns 2,522 shares of the information technology services provider’s stock worth $204,000 after purchasing an additional 964 shares during the last quarter. Allstate Corp purchased a new position in Fidelity National Information Services during the 4th quarter worth approximately $1,322,000. Brown Brothers Harriman & Co. lifted its stake in Fidelity National Information Services by 139.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider’s stock valued at $51,000 after acquiring an additional 371 shares during the period. DnB Asset Management AS boosted its holdings in shares of Fidelity National Information Services by 92.9% in the 4th quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider’s stock valued at $14,905,000 after acquiring an additional 88,875 shares during the last quarter. Finally, Level Four Advisory Services LLC increased its stake in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Level Four Advisory Services LLC now owns 40,642 shares of the information technology services provider’s stock worth $3,283,000 after acquiring an additional 1,489 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly 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 can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIS. Stephens decreased their price target on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Compass Point decreased their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Finally, UBS Group lowered their target price on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $88.65.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $73.64 on Friday. The company’s 50 day simple moving average is $74.34 and its 200-day simple moving average is $81.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. 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 market capitalization of $39.01 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results 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 previous year, the business earned $0.94 EPS. As a group, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Fidelity National Information Services Company 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.