Fidelity National Information Services, Inc. (NYSE:FIS) Position Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 45.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,079 shares of the information technology services provider's stock after purchasing an additional 12,918 shares during the period. Tower Research Capital LLC TRC's holdings in Fidelity National Information Services were worth $3,318,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors increased its stake in Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Geode Capital Management LLC increased its stake in Fidelity National Information Services by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock valued at $1,052,819,000 after purchasing an additional 208,127 shares in the last quarter. Boston Partners increased its stake in Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after purchasing an additional 446,544 shares in the last quarter. Norges Bank purchased a new position in Fidelity National Information Services in the 4th quarter valued at approximately $635,202,000. Finally, Invesco Ltd. increased its stake in Fidelity National Information Services by 9.1% in the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock valued at $611,682,000 after purchasing an additional 632,328 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FIS shares. Compass Point dropped their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Stephens dropped their price target on Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research report on Monday, April 21st. Finally, Royal Bank of Canada dropped their price target on Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price of $89.29.

Fidelity National Information Services Trading Down 0.6 %

Fidelity National Information Services stock traded down $0.48 during midday trading on Friday, reaching $79.39. The stock had a trading volume of 4,097,959 shares, compared to its average volume of 3,538,595. The stock's 50-day simple moving average is $72.27 and its 200 day simple moving average is $79.44. The stock has a market capitalization of $42.05 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. 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.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the prior year, the business earned $0.94 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's dividend payout ratio (DPR) is presently 61.30%.

Insider Transactions at Fidelity National Information Services

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. Corporate insiders own 0.20% of the company's stock.

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.