Scissortail Wealth Management LLC Buys 31,349 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Scissortail Wealth Management LLC increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8,315.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,726 shares of the information technology services provider's stock after acquiring an additional 31,349 shares during the period. Scissortail Wealth Management LLC's holdings in Fidelity National Information Services were worth $2,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIS. Norges Bank bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at about $635,202,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $451,458,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock worth $261,037,000 after purchasing an additional 1,616,146 shares during the period. KBC Group NV boosted its holdings in shares of Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider's stock worth $95,330,000 after purchasing an additional 1,101,072 shares during the period. Finally, Capital Research Global Investors raised its stake in Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after buying an additional 1,082,929 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FIS shares. Morgan Stanley decreased their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. UBS Group raised 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 research note on Wednesday, May 7th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Stephens raised their target price 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. Finally, Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and decreased their target price for the company from $103.00 to $81.00 in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average price target of $91.11.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Price Performance

Shares of FIS traded down $0.41 during trading hours on Tuesday, reaching $80.57. 2,990,115 shares of the stock traded hands, compared to its average volume of 3,492,338. 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 52-week low of $66.51 and a 52-week high of $91.98. The company's 50-day moving average price is $74.94 and its two-hundred day moving average price is $78.16. The company has a market cap of $42.33 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The business had revenue of $2.53 billion during 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 firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. On average, analysts anticipate 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 declared 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 is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.99%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

About Fidelity National Information Services

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.