Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Reduced by Baupost Group LLC MA

Baupost Group LLC MA lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 37.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,509,254 shares of the information technology services provider’s stock after selling 2,069,715 shares during the period. Fidelity National Information Services accounts for approximately 7.3% of Baupost Group LLC MA’s holdings, making the stock its 4th biggest position. Baupost Group LLC MA owned 0.63% of Fidelity National Information Services worth $264,457,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FIS. Rise Advisors LLC purchased a new stake in Fidelity National Information Services during the 1st quarter valued at $29,000. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services during the second quarter valued at about $35,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $35,000. Palisade Asset Management LLC acquired a new stake in shares of Fidelity National Information Services in the 1st quarter worth $37,000. Finally, LRI Investments LLC acquired a new stake in Fidelity National Information Services in the first quarter worth about $46,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $84.06 on Friday. The firm has a market cap of $46.76 billion, a PE ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. The firm has a fifty day moving average of $79.19 and a 200 day moving average of $75.50. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $85.63.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the company earned $1.55 EPS. Fidelity National Information Services’s revenue was up 2.7% compared to the same quarter last year. As a group, research 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Analysts Set New Price Targets

FIS has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. UBS Group increased their price objective on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Morgan Stanley downgraded shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research report on Monday, July 22nd. Finally, Barclays increased their price target on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services 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 acquisition, the director now owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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.