Symmetry Investments LP Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Symmetry Investments LP acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,216 shares of the information technology services provider’s stock, valued at approximately $2,352,000.

A number of other hedge funds have also modified their holdings of FIS. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $203,000. Assetmark Inc. boosted its position in Fidelity National Information Services by 1.8% during the fourth quarter. Assetmark Inc. now owns 72,754 shares of the information technology services provider’s stock worth $4,370,000 after acquiring an additional 1,303 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $273,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Fidelity National Information Services by 3.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 32,612 shares of the information technology services provider’s stock worth $1,959,000 after purchasing an additional 1,123 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $717,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were purchased at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Susquehanna lifted their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. TD Cowen boosted their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Barclays raised their price target on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, Bank of America boosted their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $81.25.

Fidelity National Information Services Stock Down 0.4 %

NYSE FIS opened at $84.06 on Friday. The stock has a market cap of $46.76 billion, a PE ratio of -8.22, a P/E/G ratio of 0.82 and a beta of 1.08. The business has a 50 day moving average price of $79.19 and a two-hundred day moving average price of $75.50. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $85.63. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.71%. Fidelity National Information Services’s payout ratio is -14.08%.

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.