Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by VELA Investment Management LLC

VELA Investment Management LLC raised its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 29.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 44,675 shares of the information technology services provider's stock after purchasing an additional 10,234 shares during the period. Fidelity National Information Services accounts for approximately 1.0% of VELA Investment Management LLC's holdings, making the stock its 25th biggest holding. 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 institutional investors have also modified their holdings of the company. Kennebec Savings Bank lifted its position in shares of Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 186 shares in the last quarter. OFI Invest Asset Management bought a new position in Fidelity National Information Services during the 4th quarter valued at about $40,000. Wayfinding Financial LLC acquired a new stake in Fidelity National Information Services in the 1st quarter valued at about $43,000. CoreCap Advisors LLC grew its position in shares of Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after buying an additional 509 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Fidelity National Information Services by 139.5% during the fourth 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

FIS has been the topic of several recent research reports. TD Cowen upgraded 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 note on Monday, April 21st. UBS Group increased 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. Robert W. Baird upped their price target 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. Royal Bank Of Canada decreased their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, Stephens lifted their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.75.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded down $0.95 on Tuesday, hitting $79.89. The company had a trading volume of 2,323,661 shares, compared to its average volume of 3,360,380. The business has a 50 day moving average of $79.76 and a 200 day moving average of $76.90. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a market cap of $41.97 billion, a PE ratio of 52.91, a PEG ratio of 1.52 and a beta of 1.06. The company has a current ratio of 0.63, a quick 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 earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities analysts anticipate 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 was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.00%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director directly owned 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.