Victory Capital Management Inc. Purchases 11,933 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Victory Capital Management Inc. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,701 shares of the information technology services provider's stock after buying an additional 11,933 shares during the period. Victory Capital Management Inc.'s holdings in Fidelity National Information Services were worth $17,060,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Boston Partners raised its holdings in Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider's stock worth $331,047,000 after purchasing an additional 3,868,683 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Fidelity National Information Services by 982.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider's stock valued at $293,560,000 after purchasing an additional 3,535,596 shares in the last quarter. Raymond James & Associates increased its stake in 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 valued at $343,693,000 after purchasing an additional 3,357,329 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Fidelity National Information Services during the 2nd quarter valued at $83,562,000. Finally, Zurich Insurance Group Ltd FI bought a new stake in Fidelity National Information Services during the 2nd quarter valued at $40,029,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on FIS. Compass Point began coverage on shares of Fidelity National Information Services in a report on Wednesday. They set a "buy" rating and a $126.00 price objective on the stock. Robert W. Baird boosted their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. TD Cowen boosted their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. BNP Paribas downgraded shares of Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.50.

Fidelity National Information Services Price Performance

Shares of FIS stock traded down $0.18 during trading 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. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock's 50-day moving average is $86.85 and its two-hundred day moving average is $80.43. The stock has a market capitalization of $46.24 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $53.79 and a 52 week high of $91.98.

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

Fidelity National Information Services Announces Dividend

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

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was bought 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 purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company's stock, valued at $2,832,546.03. This trade represents 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.

About Fidelity National Information Services

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.