18,900 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new position 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 purchased 18,900 shares of the information technology services provider's stock, valued at approximately $1,527,000.

A number of other hedge funds also recently made changes to their positions in FIS. R Squared Ltd bought a new stake in Fidelity National Information Services in the fourth quarter valued at about $30,000. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $40,000. CoreCap Advisors LLC grew its stake in shares of Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after purchasing an additional 509 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Fidelity National Information Services by 70.2% in the 4th 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. Finally, Avion Wealth lifted its position in shares of Fidelity National Information Services by 503.0% during the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after buying an additional 508 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on FIS. UBS Group increased their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Robert W. Baird increased their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, April 4th. Wells Fargo & Company lowered their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Finally, TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research report on Monday, April 21st. One equities 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $91.11.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded up $1.66 during midday trading on Tuesday, hitting $79.88. 2,605,904 shares of the company's stock were exchanged, compared to its average volume of 3,485,380. The company's 50 day moving average price is $75.62 and its 200 day moving average price is $77.86. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The firm has a market capitalization of $41.97 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. 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 issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The company's revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share. As a group, analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given 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 105.96%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. This represents a 7.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by insiders.

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.