Fidelity National Information Services, Inc. (NYSE:FIS) Stock Holdings Increased by Fluent Financial LLC

Fluent Financial LLC boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 12.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,787 shares of the information technology services provider's stock after acquiring an additional 6,180 shares during the quarter. Fidelity National Information Services comprises 1.9% of Fluent Financial LLC's investment portfolio, making the stock its 13th biggest holding. Fluent Financial LLC's holdings in Fidelity National Information Services were worth $4,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $635,202,000. Raymond James Financial Inc. acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $451,458,000. Arrowstreet Capital Limited Partnership increased its stake in Fidelity National Information Services by 100.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after purchasing an additional 1,616,146 shares in the last quarter. Capital Research Global Investors increased its stake in Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Fidelity National Information Services by 16.5% in the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after purchasing an additional 982,955 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Up 0.8%

Shares of NYSE:FIS traded up $0.68 during midday trading on Friday, reaching $81.22. The company's stock had a trading volume of 2,450,857 shares, compared to its average volume of 3,463,275. The firm has a market cap of $42.67 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The business has a 50 day moving average price of $76.62 and a 200 day moving average price of $77.38.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders 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 1.97%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIS. Morgan Stanley dropped their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Barclays dropped their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Susquehanna downgraded Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. UBS Group raised their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and an average target price of $90.75.

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.