14,774 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,774 shares of the information technology services provider's stock, valued at approximately $1,193,000.

Other hedge funds also recently made changes to their positions in the company. Meridiem Capital Partners LP bought a new position in Fidelity National Information Services in the fourth quarter valued at approximately $26,993,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fidelity National Information Services by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 295,712 shares of the information technology services provider's stock worth $23,884,000 after buying an additional 12,030 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $2,130,000. Gotham Asset Management LLC grew its stake in shares of Fidelity National Information Services by 6.5% during the fourth quarter. Gotham Asset Management LLC now owns 2,693 shares of the information technology services provider's stock worth $218,000 after buying an additional 164 shares during the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Fidelity National Information Services by 35.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 340,052 shares of the information technology services provider's stock worth $27,466,000 after purchasing an additional 88,489 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Up 1.4%

Shares of FIS stock traded up $1.08 on Monday, hitting $80.94. 644,691 shares of the stock traded hands, compared to its average volume of 3,483,725. The firm's 50-day moving average price is $74.69 and its two-hundred day moving average price is $78.22. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $42.53 billion, a PE ratio of 31.00, a PEG ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The firm's revenue was up 2.6% on a year-over-year basis. As a group, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is 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%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FIS shares. William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Morgan Stanley dropped their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, April 4th. UBS Group boosted their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.11.

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.