Renaissance Technologies LLC Purchases Shares of 434,242 Fidelity National Information Services, Inc. (NYSE:FIS)

Renaissance Technologies LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 434,242 shares of the information technology services provider's stock, valued at approximately $35,074,000. Renaissance Technologies LLC owned about 0.08% of Fidelity National Information Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $30,000. Morse Asset Management Inc acquired a new position in shares of Fidelity National Information Services during the third quarter valued at $37,000. OFI Invest Asset Management acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $40,000. Grove Bank & Trust lifted its position in shares of Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 399 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after acquiring an additional 250 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Down 1.9 %

Shares of Fidelity National Information Services stock traded down $1.35 during trading on Tuesday, hitting $70.01. The stock had a trading volume of 3,529,205 shares, compared to its average volume of 3,479,026. 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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $37.09 billion, a PE ratio of 26.83, a P/E/G ratio of 1.23 and a beta of 1.06. The stock has a 50 day simple moving average of $72.07 and a 200 day simple moving average of $80.00.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 firm earned $0.94 EPS. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued 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 yield of 2.29%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is currently 61.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Stephens reduced their price target 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. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, April 4th. Morgan Stanley reduced their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Finally, Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price objective for the stock from $103.00 to $81.00 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 assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $88.89.

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.