GAMMA Investing LLC Buys 816,612 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

GAMMA Investing LLC grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6,171.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 829,844 shares of the information technology services provider's stock after purchasing an additional 816,612 shares during the period. GAMMA Investing LLC owned approximately 0.16% of Fidelity National Information Services worth $61,973,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FIS. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $30,000. OFI Invest Asset Management acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth $40,000. CoreCap Advisors LLC increased its stake in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares during the last quarter. Avion Wealth increased its stake in shares of Fidelity National Information Services by 503.0% in the fourth quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after acquiring an additional 508 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 139.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after acquiring an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $0.68 during midday trading on Friday, hitting $81.22. The company's stock had a trading volume of 2,450,857 shares, compared to its average volume of 3,465,714. The stock has a market capitalization of $42.67 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.23 and a beta of 1.08. The stock's 50 day simple moving average is $76.62 and its 200 day simple moving average is $77.50. 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.

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

Fidelity National Information Services Dividend Announcement

The firm 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 approximately $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FIS. Keefe, Bruyette & Woods dropped 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 research note on Wednesday, February 12th. Compass Point dropped their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price target for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. Finally, Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their price target for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $90.75.

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.