9,004 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Purchased by Quantessence Capital LLC

Quantessence Capital LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,004 shares of the information technology services provider's stock, valued at approximately $727,000.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at $30,000. Morse Asset Management Inc bought a new position in shares of Fidelity National Information Services during the third quarter valued at about $37,000. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth about $40,000. Grove Bank & Trust lifted its stake in shares of Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in Fidelity National Information Services by 70.2% during the 4th quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after acquiring an additional 250 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent research reports. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research report on Wednesday. Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Raymond James lowered shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $115.00 to $101.00 in a report on Monday, January 6th. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reduced their price target on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.29.

Fidelity National Information Services Stock Down 0.6 %

Shares of Fidelity National Information Services stock traded down $0.48 during trading on Friday, hitting $79.39. The company's stock had a trading volume of 4,097,959 shares, compared to its average volume of 3,539,487. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a market capitalization of $42.05 billion, a PE ratio of 30.42, a P/E/G ratio of 1.23 and a beta of 1.06. The company has a fifty day simple moving average of $72.27 and a two-hundred day simple moving average of $79.54. 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 announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 quarter in the prior year, the business earned $0.94 earnings per share. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business 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. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio is currently 61.30%.

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.