O Shaughnessy Asset Management LLC Raises Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

O Shaughnessy Asset Management LLC boosted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 45.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 627,792 shares of the information technology services provider’s stock after buying an additional 196,894 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Fidelity National Information Services were worth $50,707,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Fidelity National Information Services in the 4th quarter worth $635,202,000. Raymond James Financial Inc. bought a new position in Fidelity National Information Services in the fourth quarter worth about $451,458,000. Arrowstreet Capital Limited Partnership raised its holdings in Fidelity National Information Services by 100.0% in 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 in the last quarter. KBC Group NV lifted its position 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 valued at $95,330,000 after buying an additional 1,101,072 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Fidelity National Information Services by 922.3% in the 4th quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider’s stock valued at $54,101,000 after buying an additional 605,640 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FIS has been the subject of several recent analyst reports. UBS Group reduced their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada decreased their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Morgan Stanley dropped their target price on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, Barclays dropped their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $88.65.

Fidelity National Information Services Trading Down 1.9 %

Shares of Fidelity National Information Services stock opened at $73.64 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. 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 $39.01 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The firm has a fifty day moving average price of $74.34 and a 200 day moving average price of $81.11.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the business earned $0.94 EPS. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a $0.40 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, March 11th. Fidelity National Information Services’s payout ratio is currently 61.30%.

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.