Quantinno Capital Management LP Buys 16,738 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Quantinno Capital Management LP boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 67.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,371 shares of the information technology services provider's stock after acquiring an additional 16,738 shares during the period. Quantinno Capital Management LP's holdings in Fidelity National Information Services were worth $3,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Graypoint LLC raised its position in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock worth $253,000 after buying an additional 132 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Fidelity National Information Services by 3.4% during the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider's stock valued at $349,000 after buying an additional 135 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock worth $308,000 after acquiring an additional 137 shares during the period. Concord Wealth Partners lifted its holdings in Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock valued at $37,000 after acquiring an additional 146 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 159 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of several recent research reports. Royal Bank of Canada lifted 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 research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Compass Point initiated coverage on Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a "buy" rating and a $126.00 target price on the stock. Finally, UBS Group lifted their price objective 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and an average price target of $91.50.

Fidelity National Information Services Stock Performance

Shares of FIS traded up $1.42 during midday trading on Tuesday, reaching $85.20. 1,630,230 shares of the stock were exchanged, compared to its average volume of 3,747,406. 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 simple moving average is $87.21 and its 200 day simple moving average is $81.35. Fidelity National Information Services, Inc. has a twelve month low of $57.13 and a twelve month high of $91.98. The company has a market cap of $45.87 billion, a P/E ratio of 33.38, a PEG ratio of 0.72 and a beta of 1.04.

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 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.56 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business's revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's payout ratio 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.