Jefferies Financial Group Inc. Makes New $2.13 Million Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Jefferies Financial Group Inc. bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,377 shares of the information technology services provider's stock, valued at approximately $2,130,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $30,000. OFI Invest Asset Management acquired a new position in Fidelity National Information Services during the fourth quarter worth approximately $40,000. Grove Bank & Trust increased its position in Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after buying an additional 399 shares during the last quarter. CoreCap Advisors LLC increased its position in Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after buying an additional 509 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FIS shares. UBS Group boosted their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Compass Point reduced their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a report on Monday, April 21st. Finally, Robert W. Baird boosted their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and an average price target of $91.11.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Trading Up 1.3%

Shares of NYSE FIS traded up $1.04 during midday trading on Friday, reaching $79.75. The company had a trading volume of 4,884,589 shares, compared to its average volume of 3,499,626. 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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm's fifty day moving average price is $74.69 and its 200-day moving average price is $78.39. The stock has a market cap of $41.90 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business posted $1.33 EPS. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

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.