Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Fernbridge Capital Management LP

Fernbridge Capital Management LP lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 67.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,153,134 shares of the information technology services provider’s stock after acquiring an additional 463,613 shares during the quarter. Fidelity National Information Services accounts for approximately 5.8% of Fernbridge Capital Management LP’s portfolio, making the stock its 4th largest holding. Fernbridge Capital Management LP owned about 0.21% of Fidelity National Information Services worth $86,900,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the 1st quarter worth $29,000. EdgeRock Capital LLC acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at about $35,000. Family Firm Inc. purchased a new stake in Fidelity National Information Services during the second quarter worth about $35,000. Palisade Asset Management LLC acquired a new position in Fidelity National Information Services during the first quarter worth about $37,000. Finally, Rothschild Investment LLC purchased a new position in Fidelity National Information Services in the second quarter valued at about $45,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on FIS. Barclays boosted their price target on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley cut Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. TD Cowen increased their price objective on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Ten equities research 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 MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $81.25.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $84.06 on Friday. The stock has a fifty day moving average price of $79.19 and a 200 day moving average price of $75.54. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $85.63. The firm has a market capitalization of $46.76 billion, a P/E ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating 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 company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

About Fidelity National Information Services

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.