17,262 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,262 shares of the information technology services provider's stock, valued at approximately $1,446,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. The Manufacturers Life Insurance Company grew its position in Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock worth $293,560,000 after acquiring an additional 3,535,596 shares in the last quarter. Raymond James & Associates boosted its position 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 purchasing an additional 3,357,329 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Fidelity National Information Services during the 2nd quarter worth $83,562,000. Zurich Insurance Group Ltd FI purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $40,029,000. Finally, Fernbridge Capital Management LP boosted its position in shares of Fidelity National Information Services by 67.2% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,153,134 shares of the information technology services provider's stock worth $86,900,000 after buying an additional 463,613 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FIS. TD Cowen lifted their price objective on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Susquehanna boosted their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a "positive" rating in a research note on Tuesday, November 5th. Stephens boosted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a "market perform" rating for the company. Finally, UBS Group increased their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.50.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were acquired 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 of the company's stock, valued at $917,535.25. The trade was a 6.41 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services 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 sale, the executive vice president now directly owns 32,199 shares of the company's stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Up 0.0 %

Fidelity National Information Services stock traded up $0.01 during mid-day trading on Wednesday, hitting $85.25. The company's stock had a trading volume of 5,089,000 shares, compared to its average volume of 3,755,655. The firm's 50 day moving average is $87.12 and its 200 day moving average is $81.16. Fidelity National Information Services, Inc. has a 52-week low of $57.13 and a 52-week high of $91.98. The company has a market cap of $45.89 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

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

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued 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 1.69%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 57.37%.

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.