Two Sigma Advisers LP Invests $11.11 Million in Fidelity National Information Servcs Inc (FIS)

Two Sigma Advisers LP bought a new position in shares of Fidelity National Information Servcs Inc (NYSE:FIS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 118,118 shares of the information technology services provider’s stock, valued at approximately $11,114,000.

Other hedge funds also recently made changes to their positions in the company. Calton & Associates Inc. acquired a new position in shares of Fidelity National Information Servcs during the fourth quarter worth approximately $123,000. Cerebellum GP LLC acquired a new position in shares of Fidelity National Information Servcs during the fourth quarter worth approximately $126,000. Virtu Financial LLC acquired a new position in shares of Fidelity National Information Servcs during the fourth quarter worth approximately $201,000. Bell & Brown Wealth Advisors LLC acquired a new position in shares of Fidelity National Information Servcs during the fourth quarter worth approximately $203,000. Finally, Taurus Asset Management LLC acquired a new position in shares of Fidelity National Information Servcs during the third quarter worth approximately $203,000. Institutional investors own 87.89% of the company’s stock.

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In other Fidelity National Information Servcs news, Director Frank R. Martire sold 190,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $98.70, for a total value of $18,753,000.00. Following the completion of the sale, the director now owns 192,675 shares of the company’s stock, valued at $19,017,022.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Norcross sold 293,333 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $94.30, for a total transaction of $27,661,301.90. The disclosure for this sale can be found here. Insiders sold 1,256,602 shares of company stock valued at $123,478,574 in the last ninety days. Insiders own 2.66% of the company’s stock.

FIS stock opened at $94.86 on Friday. Fidelity National Information Servcs Inc has a twelve month low of $78.89 and a twelve month high of $103.65. The firm has a market cap of $32,296.60, a P/E ratio of 22.06, a P/E/G ratio of 1.57 and a beta of 0.93. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.71.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.02. Fidelity National Information Servcs had a net margin of 14.46% and a return on equity of 14.46%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. equities analysts predict that Fidelity National Information Servcs Inc will post 5.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, March 15th. This is an increase from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. Fidelity National Information Servcs’s dividend payout ratio is presently 32.65%.

A number of equities analysts have recently issued reports on FIS shares. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Friday, February 9th. BMO Capital Markets increased their price objective on shares of Fidelity National Information Servcs from $104.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Barclays restated a “buy” rating and issued a $115.00 price objective on shares of Fidelity National Information Servcs in a report on Friday, January 5th. JPMorgan Chase & Co. lowered shares of Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a report on Tuesday, December 12th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $108.00 price objective on shares of Fidelity National Information Servcs in a report on Sunday, December 3rd. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $102.47.

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Fidelity National Information Servcs Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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