Virtu Financial LLC Makes New $799,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Virtu Financial LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,887 shares of the information technology services provider's stock, valued at approximately $799,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Fidelity National Information Services by 0.9% in the 3rd quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider's stock worth $2,070,491,000 after purchasing an additional 211,787 shares in the last quarter. Boston Partners increased its holdings in shares of Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after buying an additional 446,544 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $451,458,000. The Manufacturers Life Insurance Company boosted its stake in shares of Fidelity National Information Services by 13.8% during 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 acquiring an additional 538,514 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of 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 worth $234,015,000 after acquiring an additional 174,673 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

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Fidelity National Information Services Trading Down 0.1 %

FIS stock traded down $0.04 during midday trading on Tuesday, hitting $74.25. 2,919,562 shares of the company's stock were exchanged, compared to its average volume of 3,375,832. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The stock's fifty day moving average price is $74.67 and its 200-day moving average price is $81.33. The company has a market cap of $39.33 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. 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 (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (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 posted $0.94 earnings per share. Research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was purchased at an average cost 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 $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on FIS shares. UBS Group decreased their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Stephens lowered their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Compass Point lowered their price objective on shares of 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, Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $88.65.

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.