17,707 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 17,707 shares of the information technology services provider’s stock, valued at approximately $1,430,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital Research Global Investors boosted its holdings in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after buying an additional 208,127 shares during the period. Boston Partners grew its position in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after buying an additional 446,544 shares in the last quarter. Norges Bank purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at $635,202,000. Finally, Invesco Ltd. raised its holdings in shares of Fidelity National Information Services by 9.1% in the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider’s stock valued at $611,682,000 after acquiring an additional 632,328 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Monday, April 21st. Barclays reduced their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Compass Point dropped their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, Robert W. Baird lifted their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $91.11.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

FIS opened at $78.68 on Friday. The company has a market cap of $41.34 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $74.46 and its 200-day moving average price is $78.46. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. Fidelity National Information Services’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 EPS. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services’s payout ratio is 105.96%.

About Fidelity National Information Services

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.