Caprock Group LLC Acquires 14,218 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Caprock Group LLC boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 115.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,569 shares of the information technology services provider's stock after buying an additional 14,218 shares during the quarter. Caprock Group LLC's holdings in Fidelity National Information Services were worth $2,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FIS. Linden Thomas Advisory Services LLC bought a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $1,253,000. CENTRAL TRUST Co raised its stake in shares of Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock worth $991,000 after purchasing an additional 10,452 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Fidelity National Information Services by 572.2% in the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider's stock worth $16,775,000 after buying an additional 189,484 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Fidelity National Information Services by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider's stock valued at $60,300,000 after buying an additional 11,655 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Fidelity National Information Services by 51.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider's stock worth $6,344,000 after acquiring an additional 25,701 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 0.2 %

FIS traded down $0.18 on Wednesday, hitting $85.90. The company had a trading volume of 4,353,706 shares, compared to its average volume of 3,761,170. Fidelity National Information Services, Inc. has a 52-week low of $53.79 and a 52-week high of $91.98. The stock has a fifty day simple moving average of $86.85 and a 200-day simple moving average of $80.43. 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 firm has a market capitalization of $46.24 billion, a P/E ratio of 34.29, a P/E/G ratio of 0.74 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the business posted $0.94 EPS. The company's quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 57.37%.

Insider Activity at Fidelity National Information Services

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FIS shares. Barclays increased their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. UBS Group upped their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Jefferies Financial Group boosted their target price 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. Royal Bank of Canada raised their price target on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Finally, Compass Point assumed coverage on Fidelity National Information Services in a report on Wednesday. They set a "buy" rating and a $126.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.50.

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.