Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,231,856 shares of the information technology services provider's stock after purchasing an additional 1,616,146 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.60% of Fidelity National Information Services worth $261,037,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FIS. MV Capital Management Inc. increased its stake in Fidelity National Information Services by 61.9% during the 4th quarter. MV Capital Management Inc. now owns 2,522 shares of the information technology services provider's stock valued at $204,000 after purchasing an additional 964 shares in the last quarter. Allstate Corp acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $1,322,000. Brown Brothers Harriman & Co. increased its holdings in Fidelity National Information Services by 139.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after buying an additional 371 shares during the period. DnB Asset Management AS boosted its position in Fidelity National Information Services by 92.9% in the 4th quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider's stock worth $14,905,000 after purchasing an additional 88,875 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its stake in Fidelity National Information Services by 3.8% in the 4th quarter. Level Four Advisory Services LLC now owns 40,642 shares of the information technology services provider's stock valued at $3,283,000 after acquiring an additional 1,489 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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Fidelity National Information Services Stock Down 0.2 %

Shares of FIS stock traded down $0.13 during trading hours on Thursday, reaching $75.61. 1,505,037 shares of the stock were exchanged, compared to its average volume of 3,399,215. The business's fifty day moving average is $74.12 and its two-hundred day moving average is $80.93. The firm has a market capitalization of $40.05 billion, a P/E ratio of 28.97, a P/E/G ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

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 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 in the prior year, the firm posted $0.94 EPS. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is currently 61.30%.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

FIS has been the subject of several analyst reports. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their target price for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Stephens decreased their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Raymond James cut Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their target price for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Barclays lowered their price target on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Royal Bank of Canada decreased their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $88.65.

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.