Thoroughbred Financial Services LLC Buys New Shares in Fidelity National Information Services, Inc. (NYSE:FIS)

Thoroughbred Financial Services LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,728 shares of the information technology services provider's stock, valued at approximately $381,000.

Several other hedge funds have also recently made changes to their positions in FIS. R Squared Ltd purchased a new position in Fidelity National Information Services during the 4th quarter valued at $30,000. Morse Asset Management Inc bought a new position in Fidelity National Information Services in the third quarter worth about $37,000. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $40,000. Grove Bank & Trust boosted its position in Fidelity National Information Services by 341.0% during 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 in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of 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 worth $49,000 after acquiring an additional 250 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was acquired 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 owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company's stock.

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Fidelity National Information Services Stock Performance

Shares of FIS stock traded up $2.90 during trading hours on Friday, reaching $72.41. The company had a trading volume of 3,490,136 shares, compared to its average volume of 3,470,967. The firm has a market cap of $38.35 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The business has a fifty day moving average price of $72.29 and a 200-day moving average price of $80.11. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. 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 last year, the firm posted $0.94 earnings per share. Sell-side analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. This is a positive change from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio is presently 61.30%.

Wall Street Analysts Forecast Growth

FIS has been the topic of several research reports. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price target for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Royal Bank of Canada dropped 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. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Compass Point dropped their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, Morgan Stanley lowered their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $88.05.

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.