Forum Financial Management LP Buys Shares of 6,911 Fidelity National Information Services, Inc. (NYSE:FIS)

Forum Financial Management LP bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,911 shares of the information technology services provider's stock, valued at approximately $558,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth about $2,593,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth about $451,458,000. Princeton Global Asset Management LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth about $2,313,000. Csenge Advisory Group lifted its holdings in shares of Fidelity National Information Services by 44.4% during the 4th 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 holdings in shares of Fidelity National Information Services by 27.4% during the 4th 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. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. UBS Group raised their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. 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. 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. Finally, Barclays cut their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.11.

Fidelity National Information Services Stock Up 0.4%

Shares of FIS stock traded up $0.30 during mid-day trading on Friday, reaching $78.57. 840,964 shares of the company were exchanged, compared to its average volume of 3,466,419. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $41.28 billion, a P/E ratio of 30.14, a P/E/G ratio of 1.23 and a beta of 1.08. The business's 50 day simple moving average is $75.94 and its 200 day simple moving average is $77.82.

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

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders 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 dividend yield of 2.04%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's payout ratio is currently 105.96%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was 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 in the company, valued at $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

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.