Rafferty Asset Management LLC Acquires 4,979 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Rafferty Asset Management LLC increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 189,935 shares of the information technology services provider's stock after acquiring an additional 4,979 shares during the period. Rafferty Asset Management LLC's holdings in Fidelity National Information Services were worth $15,341,000 as of its most recent filing with the Securities and Exchange Commission.

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

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 company's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Trading Up 1.4%

NYSE FIS traded up $1.13 during trading on Monday, hitting $80.99. The company had a trading volume of 3,139,113 shares, compared to its average volume of 3,493,500. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The company has a market cap of $42.55 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company's fifty day moving average is $74.69 and its 200-day moving average is $78.22.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The firm 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%. The business'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 EPS. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIS. Stephens upped 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 research note on Wednesday, May 7th. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research note on Monday, April 21st. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company cut their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.