Olstein Capital Management L.P. Has $8.74 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Olstein Capital Management L.P. boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,000 shares of the information technology services provider's stock after acquiring an additional 39,000 shares during the quarter. Fidelity National Information Services accounts for 1.6% of Olstein Capital Management L.P.'s portfolio, making the stock its 14th largest position. Olstein Capital Management L.P.'s holdings in Fidelity National Information Services were worth $8,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at about $347,000. Strategic Financial Concepts LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter worth about $8,343,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Fidelity National Information Services by 2.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,461 shares of the information technology services provider's stock worth $4,964,000 after purchasing an additional 1,243 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Fidelity National Information Services by 8.6% during the fourth quarter. Apollon Wealth Management LLC now owns 6,332 shares of the information technology services provider's stock valued at $511,000 after purchasing an additional 500 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Fidelity National Information Services by 5.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 12,259 shares of the information technology services provider's stock valued at $990,000 after purchasing an additional 610 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FIS. Stephens raised their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research note on Wednesday, April 23rd. Robert W. Baird boosted 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. UBS Group raised their price objective on shares of 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, Wells Fargo & Company dropped their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $90.75.

Fidelity National Information Services Stock Down 0.2%

Shares of NYSE:FIS traded down $0.16 during mid-day trading on Thursday, reaching $80.90. 2,502,093 shares of the stock were exchanged, compared to its average volume of 3,441,514. The company has a market cap of $42.50 billion, a P/E ratio of 31.00, a P/E/G ratio of 1.23 and a beta of 1.06. The stock's 50 day simple moving average is $77.09 and its 200-day simple moving average is $77.40. 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 one year low of $66.51 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate 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.