Redwood Investment Management LLC Makes New $1.43 Million Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Redwood Investment Management LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,707 shares of the information technology services provider's stock, valued at approximately $1,430,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 5.3% during the fourth quarter. Capital Investment Advisors LLC now owns 3,054 shares of the information technology services provider's stock worth $247,000 after purchasing an additional 155 shares during the period. Wedmont Private Capital lifted its stake in shares of Fidelity National Information Services by 6.8% in the 4th quarter. Wedmont Private Capital now owns 3,002 shares of the information technology services provider's stock worth $232,000 after acquiring an additional 191 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock valued at $480,000 after acquiring an additional 129 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Fidelity National Information Services by 122.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 44,750 shares of the information technology services provider's stock worth $3,614,000 after acquiring an additional 24,652 shares during the period. Finally, Kathmere Capital Management LLC raised its holdings in Fidelity National Information Services by 30.5% during the fourth quarter. Kathmere Capital Management LLC now owns 5,615 shares of the information technology services provider's stock worth $454,000 after purchasing an additional 1,313 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIS has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on 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. Wells Fargo & Company dropped their price objective on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. UBS Group raised their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Stephens upped their price target on shares of 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, Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and reduced their price objective for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. 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. Based on data from MarketBeat, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and an average target price of $91.11.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Trading Up 1.4%

NYSE:FIS traded up $1.13 during mid-day trading on Monday, reaching $80.99. The company's stock had a trading volume of 3,139,113 shares, compared to its average volume of 3,493,500. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $42.55 billion, a P/E ratio of 31.03, a P/E/G ratio of 1.23 and a beta of 1.08. The company's fifty day simple moving average is $74.69 and its two-hundred day simple moving average is $78.22. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping 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 firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $1.33 earnings per share. Fidelity National Information Services's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

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.