Tower Research Capital LLC TRC Acquires 12,918 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Tower Research Capital LLC TRC grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 45.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,079 shares of the information technology services provider's stock after purchasing an additional 12,918 shares during the period. Tower Research Capital LLC TRC's holdings in Fidelity National Information Services were worth $3,318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FIS. Norges Bank bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $635,202,000. Raymond James Financial Inc. bought a new stake in Fidelity National Information Services during the fourth quarter worth about $451,458,000. Arrowstreet Capital Limited Partnership boosted its stake in Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock worth $261,037,000 after acquiring an additional 1,616,146 shares in the last quarter. KBC Group NV grew its holdings in Fidelity National Information Services by 1,390.5% in the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock worth $95,330,000 after purchasing an additional 1,101,072 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analysts Set New Price Targets

FIS has been the topic of several recent research reports. UBS Group cut their price target on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price target for the company from $79.00 to $86.00 in a report on Monday. Royal Bank of Canada dropped their price target on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. Finally, William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.29.

Fidelity National Information Services Stock Performance

FIS 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 3,541,266. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The business's 50 day simple moving average is $72.08 and its 200-day simple moving average is $79.58. 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 $42.05 billion, a PE ratio of 30.42, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.40 dividend. The ex-dividend date was Tuesday, March 11th. 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%. Fidelity National Information Services's dividend payout ratio is 61.30%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company's stock.

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.