78,000 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Bought by Point72 Europe London LLP

Point72 Europe London LLP acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 78,000 shares of the information technology services provider’s stock, valued at approximately $6,532,000.

Other large investors have also modified their holdings of the company. Linden Thomas Advisory Services LLC acquired a new position in Fidelity National Information Services in the 2nd quarter worth about $1,253,000. CENTRAL TRUST Co raised its stake in Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after purchasing an additional 10,452 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Fidelity National Information Services by 572.2% in the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after purchasing an additional 189,484 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Fidelity National Information Services by 51.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after purchasing an additional 25,701 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Fidelity National Information Services in the third quarter worth about $590,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $85.33 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 52-week low of $57.13 and a 52-week high of $91.98. The firm has a market cap of $45.94 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 0.72 and a beta of 1.06. The company’s 50 day moving average is $87.02 and its two-hundred day moving average is $80.97.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 6.41 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. Jefferies Financial Group boosted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Susquehanna raised their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday, November 5th. TD Cowen boosted their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.50.

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.