Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 635,101 shares of the information technology services provider's stock after buying an additional 28,849 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Fidelity National Information Services worth $51,228,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Wedbush Securities Inc. acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $224,000. Dynamic Technology Lab Private Ltd increased its holdings in shares of Fidelity National Information Services by 238.6% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 10,100 shares of the information technology services provider's stock valued at $816,000 after purchasing an additional 7,117 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Fidelity National Information Services during the fourth quarter worth approximately $13,295,000. Prudential PLC lifted its position in Fidelity National Information Services by 120.9% during the fourth quarter. Prudential PLC now owns 119,282 shares of the information technology services provider's stock worth $9,634,000 after buying an additional 65,295 shares in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth $381,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Trading Up 4.2 %

NYSE FIS traded up $2.90 during trading on Friday, hitting $72.41. The stock had a trading volume of 3,490,136 shares, compared to its average volume of 3,470,967. The company has a market capitalization of $38.35 billion, a PE ratio of 27.74, a PEG ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. 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 firm has a 50 day moving average price of $72.29 and a 200 day moving average price of $80.11.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data 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 period in the previous year, the company earned $0.94 earnings per share. As a group, equities research analysts forecast 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 disclosed 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 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

Wall Street Analyst Weigh In

FIS has been the topic of several analyst reports. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. Royal Bank of Canada decreased their target price on shares of 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. UBS Group cut their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" 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 on the stock in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $88.89.

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.