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

O Shaughnessy Asset Management LLC grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 45.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 627,792 shares of the information technology services provider’s stock after purchasing an additional 196,894 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.12% of Fidelity National Information Services worth $50,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FIS. State Street Corp raised its position in Fidelity National Information Services by 0.9% in the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after acquiring an additional 211,787 shares during the period. Boston Partners increased its stake in shares of Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after purchasing an additional 446,544 shares in the last quarter. Norges Bank bought a new position in Fidelity National Information Services in the 4th quarter worth $635,202,000. Raymond James Financial Inc. purchased a new position in Fidelity National Information Services during the fourth quarter valued at $451,458,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Fidelity National Information Services by 100.0% during 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 purchasing an additional 1,616,146 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIS. Royal Bank of Canada lowered their price objective on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. Morgan Stanley decreased their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Compass Point decreased their price target on 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Hold” and a consensus target price of $88.65.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $73.64 on Friday. The firm’s fifty day moving average is $74.34 and its 200 day moving average is $81.11. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market cap of $39.01 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted $0.94 EPS. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.40 dividend. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 61.30%.

Insider Activity at Fidelity National Information Services

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

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.