Holocene Advisors LP Makes New $8.74 Million Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Holocene Advisors LP bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 104,394 shares of the information technology services provider's stock, valued at approximately $8,743,000.

Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Fidelity National Information Services by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider's stock worth $395,729,000 after buying an additional 249,678 shares in the last quarter. Legal & General Group Plc boosted its stake in Fidelity National Information Services by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider's stock worth $372,135,000 after purchasing an additional 75,429 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Fidelity National Information Services by 13.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider's stock worth $371,343,000 after purchasing an additional 538,514 shares during the period. Raymond James & Associates boosted its stake in shares of Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider's stock worth $343,693,000 after buying an additional 3,357,329 shares during the last quarter. Finally, FMR LLC lifted its stake in Fidelity National Information Services by 6.7% in the 3rd quarter. FMR LLC now owns 2,794,215 shares of the information technology services provider's stock valued at $234,015,000 after purchasing an additional 174,673 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Royal Bank of Canada increased their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Mizuho increased their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. BNP Paribas cut shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group increased their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.50.

Fidelity National Information Services Trading Up 0.0 %

NYSE FIS traded up $0.01 during mid-day trading on Wednesday, reaching $85.25. 5,089,000 shares of the stock were exchanged, compared to its average volume of 3,755,655. Fidelity National Information Services, Inc. has a one year low of $57.13 and a one year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $45.89 billion, a P/E ratio of 33.96, a P/E/G ratio of 0.72 and a beta of 1.03. The stock has a 50 day simple moving average of $87.12 and a 200-day simple moving average of $81.16.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

Insider Buying and Selling

In other news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now owns 32,199 shares of the company's stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Goldstein acquired 626 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

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.