Worldquant Millennium Advisors LLC Invests $324,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Worldquant Millennium Advisors LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,008 shares of the information technology services provider’s stock, valued at approximately $324,000.

Several other large investors also recently made changes to their positions in the business. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Fidelity National Information Services by 4.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock valued at $232,000 after buying an additional 128 shares during the period. Modera Wealth Management LLC raised its holdings in shares of Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock valued at $242,000 after buying an additional 137 shares during the period. Center for Financial Planning Inc. raised its holdings in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock valued at $303,000 after buying an additional 138 shares during the period. UMB Bank n.a. raised its holdings in shares of Fidelity National Information Services by 5.4% during the 4th quarter. UMB Bank n.a. now owns 2,827 shares of the information technology services provider’s stock valued at $228,000 after buying an additional 144 shares during the period. Finally, SageView Advisory Group LLC raised its holdings in shares of Fidelity National Information Services by 1.5% during the 4th quarter. SageView Advisory Group LLC now owns 11,185 shares of the information technology services provider’s stock valued at $903,000 after buying an additional 160 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 1.2%

Shares of Fidelity National Information Services stock opened at $78.24 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The business’s 50 day simple moving average is $75.44 and its 200-day simple moving average is $78.11. The stock has a market capitalization of $41.11 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.23 and a beta of 1.08. 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) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.04%. Fidelity National Information Services’s dividend payout ratio is presently 105.96%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on FIS shares. Compass Point cut their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada cut their price objective on shares of 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. Oppenheimer upgraded shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a report on Wednesday, April 23rd. TD Cowen upgraded Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Monday, April 21st. Finally, Robert W. Baird increased their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.11.

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.