iSAM Funds UK Ltd Invests $529,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

iSAM Funds UK Ltd bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 6,320 shares of the information technology services provider's stock, valued at approximately $529,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Graypoint LLC grew its stake in shares of Fidelity National Information Services by 4.6% in the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock valued at $253,000 after purchasing an additional 132 shares during the period. Atomi Financial Group Inc. grew its position in Fidelity National Information Services by 3.4% in 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 acquiring an additional 135 shares during the period. Aptus Capital Advisors LLC raised its stake 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 in the last quarter. Concord Wealth Partners lifted its holdings in shares of Fidelity National Information Services by 50.2% during the third 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 period. Finally, Larson Financial Group LLC boosted its stake in shares of Fidelity National Information Services by 94.1% in 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. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.2 %

NYSE FIS traded down $0.15 on Friday, reaching $85.34. The company had a trading volume of 4,354,322 shares, compared to its average volume of 3,312,254. Fidelity National Information Services, Inc. has a 52 week low of $57.13 and a 52 week high of $91.98. The stock's 50 day moving average is $87.21 and its 200-day moving average is $81.29. 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 has a market cap of $45.94 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 0.72 and a beta of 1.03.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. The business 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%. Fidelity National Information Services's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is currently 57.37%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FIS. Robert W. Baird lifted their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Compass Point initiated coverage on shares of Fidelity National Information Services in a research note on Wednesday, November 20th. They issued a "buy" rating and a $126.00 target price for the company. Bank of America boosted their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. Morgan Stanley raised their price target on Fidelity National Information Services from $80.00 to $87.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Finally, Susquehanna boosted their price objective on 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Insider Buying and Selling

In related news, EVP Lenore D. Williams sold 11,305 shares of the business's stock in a transaction on Friday, November 15th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

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.