Worldquant Millennium Advisors LLC Invests $324,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Worldquant Millennium Advisors LLC acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,008 shares of the information technology services provider's stock, valued at approximately $324,000.

Other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Fidelity National Information Services during the fourth quarter valued at $2,593,000. Raymond James Financial Inc. purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $451,458,000. Princeton Global Asset Management LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth about $2,313,000. Csenge Advisory Group lifted its stake in Fidelity National Information Services by 44.4% in the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider's stock worth $1,086,000 after acquiring an additional 4,134 shares during the period. Finally, WealthShield Partners LLC lifted its stake in Fidelity National Information Services by 27.4% in the fourth quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider's stock worth $2,221,000 after acquiring an additional 5,913 shares during the period. Institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on FIS. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a research report on Wednesday, April 23rd. Morgan Stanley cut their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company cut their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price target for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average target price of $91.11.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $0.15 during trading on Wednesday, reaching $80.11. The company had a trading volume of 583,708 shares, compared to its average volume of 3,474,015. The firm has a market capitalization of $42.09 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock's fifty day moving average price is $75.73 and its 200 day moving average price is $77.88. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

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

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services 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.