Sowell Financial Services LLC Buys Shares of 9,951 Fidelity National Information Services, Inc. (NYSE:FIS)

Sowell Financial Services LLC acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,951 shares of the information technology services provider's stock, valued at approximately $743,000.

A number of other hedge funds also recently made changes to their positions in the stock. Capital Research Global Investors lifted its holdings in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after acquiring an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after acquiring an additional 208,127 shares during the last quarter. Boston Partners lifted its holdings in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after acquiring an additional 446,544 shares during the last quarter. Norges Bank bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth $635,202,000. Finally, Invesco Ltd. lifted its stake in Fidelity National Information Services by 9.1% in the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after purchasing an additional 632,328 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on FIS shares. Stephens boosted their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada lowered their price target 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. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research note on Monday, April 21st. UBS Group boosted their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Oppenheimer raised 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 research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $90.75.

Fidelity National Information Services Trading Down 0.4%

Shares of NYSE:FIS traded down $0.34 during midday trading on Friday, hitting $80.10. 4,368,892 shares of the stock traded hands, compared to its average volume of 3,409,870. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The stock has a market capitalization of $42.09 billion, a PE ratio of 53.05, a P/E/G ratio of 1.50 and a beta of 1.06. The business's 50 day moving average is $78.51 and its two-hundred day moving average is $77.17. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. Fidelity National Information Services's revenue was up 2.6% on a year-over-year basis. As a group, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's payout ratio is currently 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.