VELA Investment Management LLC Has $3.34 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

VELA Investment Management LLC raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 29.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,675 shares of the information technology services provider's stock after buying an additional 10,234 shares during the period. Fidelity National Information Services comprises 1.0% of VELA Investment Management LLC's portfolio, making the stock its 25th biggest position. VELA Investment Management LLC's holdings in Fidelity National Information Services were worth $3,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC grew its holdings in Fidelity National Information Services by 3.7% during the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock worth $309,000 after acquiring an additional 146 shares during the period. Integrated Advisors Network LLC boosted its position in shares of Fidelity National Information Services by 4.7% during the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after purchasing an additional 147 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Fidelity National Information Services by 9.9% during the first quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock worth $124,000 after purchasing an additional 149 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Fidelity National Information Services by 8.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after purchasing an additional 153 shares in the last quarter. Finally, SageView Advisory Group LLC boosted its position in shares of Fidelity National Information Services by 1.5% during the fourth quarter. SageView Advisory Group LLC now owns 11,185 shares of the information technology services provider's stock worth $903,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 1.3%

FIS stock traded down $1.04 during midday trading on Monday, hitting $80.73. The company's stock had a trading volume of 1,291,438 shares, compared to its average volume of 3,361,052. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company's fifty day moving average price is $79.70 and its 200 day moving average price is $76.90. The stock has a market capitalization of $42.42 billion, a P/E ratio of 53.46, a PEG ratio of 1.52 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results 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 firm 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 8.10% and a return on equity of 18.15%. The company's revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 EPS. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. Fidelity National Information Services's payout ratio is 105.96%.

Analyst Ratings Changes

FIS has been the topic of a number of recent analyst reports. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research report on Monday, April 21st. Stephens lifted 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 report on Wednesday, May 7th. Robert W. Baird lifted 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 report on Friday, April 4th. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group boosted 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 report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $90.75.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company's stock.

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.