Rhumbline Advisers Increases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Rhumbline Advisers lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,124,630 shares of the information technology services provider's stock after buying an additional 4,436 shares during the period. Rhumbline Advisers owned about 0.21% of Fidelity National Information Services worth $83,987,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new position in Fidelity National Information Services during the 4th quarter valued at about $30,000. OFI Invest Asset Management purchased a new stake in Fidelity National Information Services during the fourth quarter valued at $40,000. CoreCap Advisors LLC lifted its holdings in 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 valued at $46,000 after acquiring an additional 509 shares during the period. Avion Wealth boosted its position in 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 purchasing an additional 508 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Fidelity National Information Services by 139.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock valued at $51,000 after purchasing an additional 371 shares during the period. Institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stephens upped their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st. Robert W. Baird lifted their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 4th. Susquehanna lowered shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their target price for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Fidelity National Information Services Trading Up 0.2%

Shares of FIS traded up $0.14 during mid-day trading on Thursday, reaching $80.48. 2,217,052 shares of the company's stock traded hands, compared to its average volume of 3,465,576. The stock's 50-day moving average is $76.37 and its two-hundred day moving average is $77.59. The stock has a market cap of $42.28 billion, a P/E ratio of 30.84, a P/E/G 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, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 EPS. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's payout ratio is 105.96%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

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.