Quarry LP Makes New $572,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Quarry LP bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 6,832 shares of the information technology services provider's stock, valued at approximately $572,000.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings 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 worth $27,000 after purchasing an additional 159 shares during the period. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the 3rd quarter worth $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the 2nd quarter worth about $30,000. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services in the 2nd quarter valued at about $35,000. Finally, Family Firm Inc. purchased a new stake in Fidelity National Information Services during the second quarter valued at about $35,000. 96.23% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company's stock, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Goldstein acquired 626 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was 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 Trading Down 0.1 %

Shares of FIS traded down $0.10 during mid-day trading on Thursday, reaching $85.15. The company's stock had a trading volume of 1,575,315 shares, compared to its average volume of 3,745,602. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 52 week low of $57.13 and a 52 week high of $91.98. The company's fifty day moving average price is $87.12 and its two-hundred day moving average price is $81.16. The stock has a market cap of $45.84 billion, a PE ratio of 33.96, a P/E/G ratio of 0.72 and a beta of 1.03.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The company's revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Wall Street Analyst Weigh In

FIS has been the topic of several research reports. UBS Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Robert W. Baird lifted their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. BNP Paribas cut Fidelity National Information Services from a "neutral" rating to an "underperform" rating in a report on Wednesday, November 20th. Finally, Barclays lifted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.50.

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.