Fidelity National Information Services, Inc. (NYSE:FIS) Holdings Boosted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 238.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,100 shares of the information technology services provider's stock after purchasing an additional 7,117 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Fidelity National Information Services were worth $816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock valued at $1,052,819,000 after purchasing an additional 208,127 shares in the last quarter. Boston Partners increased its position in Fidelity National Information Services by 3.9% during the fourth 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 during the last quarter. Norges Bank bought a new stake in Fidelity National Information Services in the 4th quarter valued at $635,202,000. Raymond James Financial Inc. bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at about $451,458,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock worth $261,037,000 after acquiring an additional 1,616,146 shares during the period. Institutional investors own 96.23% of the company's stock.

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Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $1.27 on Friday, reaching $70.78. The company's stock had a trading volume of 884,708 shares, compared to its average volume of 3,711,295. The stock has a 50-day moving average price of $72.47 and a 200-day moving average price of $80.17. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a market capitalization of $37.49 billion, a P/E ratio of 27.09, a PEG ratio of 1.23 and a beta of 1.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period last year, the company earned $0.94 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is currently 61.30%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group dropped their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price target for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Morgan Stanley decreased their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Finally, Stephens cut their price objective 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $88.05.

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.