Occudo Quantitative Strategies LP Purchases New Shares in Fidelity National Information Services, Inc. (NYSE:FIS)

Occudo Quantitative Strategies LP bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, HoldingsChannel.com reports. The fund bought 14,774 shares of the information technology services provider’s stock, valued at approximately $1,193,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $635,202,000. Raymond James Financial Inc. bought a new position in Fidelity National Information Services in the fourth quarter valued at about $451,458,000. Arrowstreet Capital Limited Partnership boosted 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 valued at $261,037,000 after acquiring an additional 1,616,146 shares during the last quarter. KBC Group NV raised its holdings in Fidelity National Information Services by 1,390.5% during the 4th 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 last quarter. Finally, Capital Research Global Investors lifted its position in Fidelity National Information Services by 3.8% during 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 during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Price Performance

NYSE FIS opened at $77.70 on Wednesday. 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, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The business has a 50 day simple moving average of $74.18 and a 200 day simple moving average of $78.55. The stock has a market cap of $40.82 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 1.23 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders 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 dividend yield of 2.06%. Fidelity National Information Services’s dividend payout ratio (DPR) is 105.96%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

FIS has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Compass Point dropped their target price on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Barclays dropped their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reduced their target price on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.11.

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.