O Shaughnessy Asset Management LLC Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

O Shaughnessy Asset Management LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 627,792 shares of the information technology services provider's stock after buying an additional 196,894 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.12% of Fidelity National Information Services worth $50,707,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth $635,202,000. Raymond James Financial Inc. purchased a new position in Fidelity National Information Services during the fourth quarter valued at $451,458,000. Arrowstreet Capital Limited Partnership grew its holdings in Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after purchasing an additional 1,616,146 shares during the period. KBC Group NV grew its holdings in Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock valued at $95,330,000 after purchasing an additional 1,101,072 shares during the period. Finally, Schroder Investment Management Group increased its position in Fidelity National Information Services by 922.3% in the fourth quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider's stock worth $54,101,000 after buying an additional 605,640 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FIS. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price objective for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Barclays lowered their target price on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Compass Point cut their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, UBS Group decreased their price target on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a 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 stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of "Hold" and an average target price of $88.65.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Up 1.6 %

FIS stock traded up $1.22 during midday trading on Wednesday, reaching $75.79. 2,732,713 shares of the company traded hands, compared to its average volume of 3,563,554. The firm has a market capitalization of $40.15 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The business has a 50 day moving average of $74.18 and a 200-day moving average of $80.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 quarter last year, the firm 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 fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.11%. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is presently 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.