Bridgewater Associates LP Buys 142,126 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Bridgewater Associates LP raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 96.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 289,055 shares of the information technology services provider's stock after purchasing an additional 142,126 shares during the period. Bridgewater Associates LP owned approximately 0.05% of Fidelity National Information Services worth $23,347,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bradley Foster & Sargent Inc. CT lifted its stake in Fidelity National Information Services by 4.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after buying an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Fidelity National Information Services by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock valued at $480,000 after purchasing an additional 129 shares during the period. Old Port Advisors boosted its position in shares of Fidelity National Information Services by 4.9% during the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock worth $232,000 after buying an additional 135 shares during the period. Modera Wealth Management LLC raised its position in Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after buying an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. lifted its stake in Fidelity National Information Services by 3.8% in the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Up 8.7 %

Shares of Fidelity National Information Services stock traded up $5.99 on Friday, hitting $74.63. 8,057,028 shares of the company's stock traded hands, compared to its average volume of 3,502,740. The company has a fifty day moving average of $71.39 and a two-hundred day moving average of $79.73. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The company has a market capitalization of $39.53 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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 posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the previous year, the business posted $0.94 EPS. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 61.30%.

Analyst Ratings Changes

A number of brokerages have recently commented on FIS. Raymond James lowered shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Compass Point dropped their target price on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada lowered their price target on 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. Finally, Barclays decreased their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $88.89.

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.