V Square Quantitative Management LLC Acquires 1,193 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

V Square Quantitative Management LLC raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,506 shares of the information technology services provider’s stock after acquiring an additional 1,193 shares during the quarter. V Square Quantitative Management LLC’s holdings in Fidelity National Information Services were worth $880,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter valued at $29,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services in the 2nd quarter valued at about $30,000. Family Firm Inc. purchased a new position in shares of Fidelity National Information Services during the second quarter worth approximately $35,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services during the second quarter worth approximately $35,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services during the first quarter valued at approximately $37,000. Institutional investors own 96.23% of the company’s stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Trading Up 1.2 %

Shares of Fidelity National Information Services stock opened at $90.96 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $91.14. The firm’s 50 day simple moving average is $83.14 and its two-hundred day simple moving average is $77.58. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $50.60 billion, a price-to-earnings ratio of -8.89, a PEG ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.58%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Analyst Ratings Changes

Several research firms have commented on FIS. Barclays raised their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Susquehanna upped their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. UBS Group upped their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Stephens lifted their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.30.

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.