Magnetar Financial LLC Invests $616,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Magnetar Financial LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,629 shares of the information technology services provider's stock, valued at approximately $616,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its stake in shares of Fidelity National Information Services by 3.0% during the third quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider's stock worth $3,096,000 after buying an additional 1,093 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Fidelity National Information Services by 4.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 277,287 shares of the information technology services provider's stock worth $23,223,000 after acquiring an additional 12,200 shares during the period. Moors & Cabot Inc. raised its position in shares of Fidelity National Information Services by 14.4% during the 3rd quarter. Moors & Cabot Inc. now owns 8,339 shares of the information technology services provider's stock valued at $698,000 after acquiring an additional 1,047 shares during the last quarter. Banco Santander S.A. acquired a new position in shares of Fidelity National Information Services in the 3rd quarter valued at $265,000. Finally, Eagle Asset Management Inc. bought a new position in shares of Fidelity National Information Services in the 3rd quarter worth $8,375,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company's stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FIS shares. Compass Point dropped their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Barclays decreased their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $88.65.

Fidelity National Information Services Stock Down 0.1 %

Shares of NYSE:FIS traded down $0.04 during midday trading on Tuesday, hitting $74.25. The stock had a trading volume of 2,919,562 shares, compared to its average volume of 3,373,442. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The business's 50-day simple moving average is $74.59 and its 200-day simple moving average is $81.28. 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 market cap of $39.33 billion, a P/E ratio of 28.45, a PEG ratio of 1.23 and a beta of 1.10.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the business earned $0.94 EPS. On average, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is currently 61.30%.

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.