GAMMA Investing LLC Raises Position in Fidelity National Information Services, Inc. (NYSE:FIS)

GAMMA Investing LLC boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6,171.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 829,844 shares of the information technology services provider's stock after buying 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.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $347,000. R Squared Ltd acquired a new position in Fidelity National Information Services during the 4th quarter worth approximately $30,000. DAVENPORT & Co LLC grew its stake in shares of Fidelity National Information Services by 2.4% during the 4th quarter. DAVENPORT & Co LLC now owns 7,970 shares of the information technology services provider's stock worth $644,000 after acquiring an additional 187 shares in the last quarter. Golden State Equity Partners raised its holdings in shares of Fidelity National Information Services by 3,287.1% in the fourth quarter. Golden State Equity Partners now owns 4,200 shares of the information technology services provider's stock valued at $339,000 after purchasing an additional 4,076 shares during the last quarter. Finally, Greenleaf Trust grew its position in Fidelity National Information Services by 6.9% in the fourth quarter. Greenleaf Trust now owns 3,787 shares of the information technology services provider's stock valued at $306,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now owns 11,942 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays lowered their target price 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. Royal Bank of Canada cut their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and an average price target of $90.75.

Fidelity National Information Services Stock Up 0.2%

Fidelity National Information Services stock traded up $0.14 during trading on Thursday, hitting $80.48. 2,217,052 shares of the company were exchanged, compared to its average volume of 3,465,576. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $42.28 billion, a P/E ratio of 30.84, a PEG ratio of 1.23 and a beta of 1.08. The business's 50 day moving average is $76.37 and its 200 day moving average is $77.59. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business posted $1.33 EPS. The company's revenue for the quarter was up 2.6% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.99%. Fidelity National Information Services's dividend payout ratio is 105.96%.

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.