Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,894,928 shares of the information technology services provider's stock after buying an additional 130,699 shares during the quarter. AQR Capital Management LLC owned approximately 0.35% of Fidelity National Information Services worth $153,053,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in Fidelity National Information Services during the 4th quarter worth about $30,000. Morse Asset Management Inc purchased a new stake in shares of Fidelity National Information Services in the 3rd quarter worth approximately $37,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $40,000. Grove Bank & Trust increased its holdings 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 valued at $42,000 after buying an additional 399 shares during the period. Finally, Sound Income Strategies LLC raised its stake in Fidelity National Information Services by 70.2% in 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 in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded up $1.23 on Friday, reaching $78.94. 3,190,995 shares of the stock were exchanged, compared to its average volume of 3,525,656. The business has a 50 day moving average price of $73.15 and a two-hundred day moving average price of $79.23. The firm has a market capitalization of $41.51 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 1.23 and a beta of 1.08. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month 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.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $0.94 EPS. Analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. Fidelity National Information Services's payout ratio is 61.30%.

Analyst Ratings Changes

Several brokerages have issued reports on FIS. Barclays dropped their target price on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research 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 target price on the stock in a research note on Monday, April 21st. UBS Group decreased their price target on shares of Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Stephens cut their price objective on shares of 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. Finally, Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.29.

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.