Magnetar Financial LLC Buys New Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Magnetar Financial LLC bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,629 shares of the information technology services provider’s stock, valued at approximately $616,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $2,593,000. Raymond James Financial Inc. acquired a new position in Fidelity National Information Services during the 4th quarter valued at approximately $451,458,000. Avanza Fonder AB acquired a new position in Fidelity National Information Services during the 4th quarter valued at approximately $3,227,000. Princeton Global Asset Management LLC acquired a new position in Fidelity National Information Services during the 4th quarter valued at approximately $2,313,000. Finally, Csenge Advisory Group increased its stake in Fidelity National Information Services by 44.4% during the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock valued at $1,086,000 after purchasing an additional 4,134 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $73.38 on Friday. The company’s fifty day moving average price is $74.76 and its 200 day moving average price is $81.40. 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 market capitalization of $38.87 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. 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) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.94 EPS. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.18%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stephens cut their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Barclays cut their price target on shares of 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. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Compass Point cut their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of “Hold” and an average target price of $88.65.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services 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.