Quantinno Capital Management LP Boosts Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Quantinno Capital Management LP grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 83.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,056 shares of the information technology services provider's stock after purchasing an additional 34,685 shares during the period. Quantinno Capital Management LP's holdings in Fidelity National Information Services were worth $6,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd acquired a new stake in Fidelity National Information Services in the 4th quarter worth approximately $30,000. OFI Invest Asset Management acquired a new position in Fidelity National Information Services during the fourth quarter valued at $40,000. Grove Bank & Trust grew its position in Fidelity National Information Services by 341.0% during the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 399 shares during the period. CoreCap Advisors LLC raised its position in Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after acquiring an additional 509 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock valued at $49,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

FIS has been the subject of several recent research reports. Royal Bank of Canada reduced their price target on 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. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Monday, April 21st. Wells Fargo & Company decreased their price target on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Stephens boosted their target price on 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. Finally, UBS Group upped their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.11.

Fidelity National Information Services Stock Down 0.5%

Shares of Fidelity National Information Services stock traded down $0.41 during trading hours on Tuesday, reaching $80.57. The company's stock had a trading volume of 2,990,115 shares, compared to its average volume of 3,492,338. The company has a market capitalization of $42.33 billion, a P/E ratio of 30.87, a P/E/G ratio of 1.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The stock's fifty day simple moving average is $74.94 and its two-hundred day simple moving average is $78.16.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. Fidelity National Information Services's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business 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 $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.99%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company's stock.

Fidelity National Information Services 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.