Point72 Asia Singapore Pte. Ltd. Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Point72 Asia Singapore Pte. Ltd. boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 33,945 shares of the information technology services provider’s stock after acquiring an additional 335 shares during the period. Fidelity National Information Services makes up 0.5% of Point72 Asia Singapore Pte. Ltd.’s portfolio, making the stock its 26th largest holding. Point72 Asia Singapore Pte. Ltd.’s holdings in Fidelity National Information Services were worth $2,843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. B. Riley Wealth Advisors Inc. raised its holdings in shares of Fidelity National Information Services by 28.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,955 shares of the information technology services provider’s stock valued at $664,000 after purchasing an additional 2,007 shares during the last quarter. Cetera Investment Advisers raised its stake in Fidelity National Information Services by 901.8% during the 1st quarter. Cetera Investment Advisers now owns 103,983 shares of the information technology services provider’s stock valued at $7,713,000 after buying an additional 93,603 shares during the last quarter. Cetera Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 59.6% during the 1st quarter. Cetera Advisors LLC now owns 9,759 shares of the information technology services provider’s stock valued at $724,000 after buying an additional 3,646 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Fidelity National Information Services by 12.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 200,025 shares of the information technology services provider’s stock worth $14,554,000 after buying an additional 21,794 shares during the last quarter. Finally, Transcend Capital Advisors LLC grew its holdings in shares of Fidelity National Information Services by 94.4% in the second quarter. Transcend Capital Advisors LLC now owns 7,400 shares of the information technology services provider’s stock worth $558,000 after acquiring an additional 3,593 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FIS shares. Royal Bank of Canada raised their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Mizuho raised their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. TD Cowen upped their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. UBS Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Susquehanna upped their price objective 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services Trading Down 0.3 %

Fidelity National Information Services stock opened at $85.30 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s 50 day moving average price is $87.02 and its 200-day moving average price is $81.00. Fidelity National Information Services, Inc. has a 1 year low of $57.13 and a 1 year high of $91.98. The stock has a market cap of $45.92 billion, a P/E ratio of 33.98, a PEG ratio of 0.72 and a beta of 1.06.

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

Fidelity National Information Services Announces Dividend

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

Insiders Place Their Bets

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Company 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.