Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,232 shares of the information technology services provider’s stock after acquiring an additional 1,364 shares during the period. GAMMA Investing LLC’s holdings in Fidelity National Information Services were worth $1,069,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at about $45,000. Farther Finance Advisors LLC lifted its holdings in Fidelity National Information Services by 20.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,154 shares of the information technology services provider’s stock worth $234,000 after buying an additional 528 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $385,000. Foundations Investment Advisors LLC increased its holdings in shares of Fidelity National Information Services by 7.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 3,388 shares of the information technology services provider’s stock valued at $255,000 after acquiring an additional 243 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of Fidelity National Information Services by 31.8% during the 2nd quarter. TD Asset Management Inc now owns 334,268 shares of the information technology services provider’s stock valued at $25,190,000 after acquiring an additional 80,612 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FIS shares. Jefferies Financial Group boosted their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Robert W. Baird raised their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Bank of America increased their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Morgan Stanley boosted their price objective on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Susquehanna increased their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.75.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $80.26 on Friday. The firm has a 50-day moving average of $85.34 and a two-hundred day moving average of $82.01. The company has a market capitalization of $43.21 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 0.72 and a beta of 1.04. 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 twelve month low of $58.24 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS) 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, topping 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 firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.79%. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

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.