Jefferies Financial Group Inc. Acquires Shares of 26,377 Fidelity National Information Services, Inc. (NYSE:FIS)

Jefferies Financial Group Inc. purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,377 shares of the information technology services provider's stock, valued at approximately $2,130,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Fidelity National Information Services by 4.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after buying an additional 128 shares during the last quarter. Modera Wealth Management LLC increased its holdings in shares of Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after buying an additional 137 shares during the last quarter. Center for Financial Planning Inc. increased its holdings in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock worth $303,000 after buying an additional 138 shares during the last quarter. SageView Advisory Group LLC increased its holdings in shares of Fidelity National Information Services by 1.5% during the 4th quarter. SageView Advisory Group LLC now owns 11,185 shares of the information technology services provider's stock worth $903,000 after buying an additional 160 shares during the last quarter. Finally, Gotham Asset Management LLC increased its holdings in shares of Fidelity National Information Services by 6.5% during the 4th quarter. Gotham Asset Management LLC now owns 2,693 shares of the information technology services provider's stock worth $218,000 after buying an additional 164 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Up 1.5%

Shares of FIS traded up $1.21 during midday trading on Friday, reaching $79.48. The stock had a trading volume of 5,576,856 shares, compared to its average volume of 3,470,998. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company's fifty day simple moving average is $76.05 and its two-hundred day simple moving average is $77.61. The company has a market cap of $41.76 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $1.33 EPS. Fidelity National Information Services's revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect 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. Investors of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.01%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of recent analyst reports. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a report on Wednesday, April 23rd. Barclays lowered their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Robert W. Baird increased their price objective on shares of 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. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, Compass Point lowered their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.11.

Insider Buying and Selling

In related 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 purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now directly owns 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

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.