Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Sciencast Management LP

Sciencast Management LP raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 32.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 37,694 shares of the information technology services provider's stock after buying an additional 9,338 shares during the period. Fidelity National Information Services comprises about 0.8% of Sciencast Management LP's portfolio, making the stock its 11th largest holding. Sciencast Management LP's holdings in Fidelity National Information Services were worth $3,045,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Larson Financial Group LLC boosted its position in 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 in the last quarter. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $30,000. Groupama Asset Managment grew its position in shares of Fidelity National Information Services by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock valued at $35,000 after acquiring an additional 319 shares during the period. Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services in the 3rd quarter valued at about $37,000. Finally, OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 96.23% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently issued reports on FIS shares. Stephens decreased their target price on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. UBS Group decreased their target price on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Finally, Morgan Stanley decreased their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $88.65.

Fidelity National Information Services Trading Up 0.5 %

NYSE:FIS traded up $0.37 on Wednesday, reaching $74.54. The company's stock had a trading volume of 2,014,725 shares, compared to its average volume of 3,367,506. The stock has a 50 day moving average price of $74.59 and a 200 day moving average price of $81.28. 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 market cap of $39.48 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly 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 previous year, the firm earned $0.94 earnings per share. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.15%. This is a boost 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 (DPR) is 61.30%.

Insider Buying and Selling at Fidelity National Information Services

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 bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

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.