40,968 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,968 shares of the information technology services provider's stock, valued at approximately $2,461,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Fidelity National Information Services by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider's stock worth $166,408,000 after buying an additional 1,016,719 shares during the period. Korea Investment CORP increased its position in Fidelity National Information Services by 5.5% in the third quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider's stock worth $11,890,000 after buying an additional 11,181 shares during the period. Value Holdings Management CO. LLC increased its position in Fidelity National Information Services by 77.4% in the third quarter. Value Holdings Management CO. LLC now owns 173,000 shares of the information technology services provider's stock worth $9,562,000 after buying an additional 75,500 shares during the period. Verity & Verity LLC acquired a new stake in Fidelity National Information Services in the third quarter worth $7,096,000. Finally, Global Retirement Partners LLC grew its stake in shares of Fidelity National Information Services by 8.6% in the fourth quarter. Global Retirement Partners LLC now owns 7,666 shares of the information technology services provider's stock worth $469,000 after purchasing an additional 607 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the purchase, the director now owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company's stock.

Fidelity National Information Services Trading Up 1.0 %

Shares of NYSE:FIS traded up $0.73 during midday trading on Friday, reaching $70.73. The company had a trading volume of 5,607,672 shares, compared to its average volume of 3,478,542. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $74.75. The firm has a market cap of $40.77 billion, a price-to-earnings ratio of -6.29, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. The company has a fifty day simple moving average of $69.22 and a two-hundred day simple moving average of $61.34.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $1.71 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. Research analysts predict that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current year.

Fidelity National Information Services announced that its board has authorized a share buyback program on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services's dividend payout ratio is currently -12.81%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several recent analyst reports. Morgan Stanley increased their price target on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 27th. Bank of America increased their price target on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday. Royal Bank of Canada increased their price target on Fidelity National Information Services from $67.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 27th. Evercore ISI increased their price target on Fidelity National Information Services from $58.00 to $62.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. increased their price target on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an "overweight" rating in a research note on Friday, February 23rd. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus price target of $71.59.

Fidelity National Information Services Company 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.