Magnetar Financial LLC Invests $616,000 in Fidelity National Information Services, Inc. (NYSE:FIS)

Magnetar Financial LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, HoldingsChannel reports. The fund purchased 7,629 shares of the information technology services provider’s stock, valued at approximately $616,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIS. Heck Capital Advisors LLC acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $2,593,000. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $451,458,000. Avanza Fonder AB acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $3,227,000. Princeton Global Asset Management LLC acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $2,313,000. Finally, Csenge Advisory Group increased its position in Fidelity National Information Services by 44.4% during the fourth quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after purchasing an additional 4,134 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FIS. Barclays cut their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. UBS Group cut their price objective on shares of Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Stephens dropped their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Finally, Morgan Stanley dropped their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and a consensus target price of $88.65.

Fidelity National Information Services Stock Down 1.4 %

Shares of Fidelity National Information Services stock opened at $73.38 on Friday. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a 50 day moving average of $74.76 and a 200 day moving average of $81.40. 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 capitalization of $38.87 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.23 and a beta of 1.11.

Fidelity National Information Services (NYSE:FIS) last issued 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 period in the prior year, the company earned $0.94 earnings per share. As a group, research 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s payout ratio is currently 61.30%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by 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.