Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Prospector Partners LLC

Prospector Partners LLC increased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 155,657 shares of the information technology services provider’s stock after buying an additional 955 shares during the period. Fidelity National Information Services comprises approximately 1.3% of Prospector Partners LLC’s holdings, making the stock its 26th biggest position. Prospector Partners LLC’s holdings in Fidelity National Information Services were worth $11,730,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $29,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services during the 2nd quarter valued at approximately $35,000. Family Firm Inc. bought a new position in Fidelity National Information Services during the 2nd quarter worth $35,000. Palisade Asset Management LLC acquired a new stake in Fidelity National Information Services in the first quarter worth $37,000. Finally, Rothschild Investment LLC bought a new stake in Fidelity National Information Services in the second quarter valued at $45,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.4 %

Shares of FIS opened at $84.06 on Friday. 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, Inc. has a 1-year low of $46.91 and a 1-year high of $85.63. The stock has a market capitalization of $46.76 billion, a P/E ratio of -8.22, a P/E/G ratio of 0.82 and a beta of 1.08. The business’s 50-day moving average price is $79.19 and its 200 day moving average price is $75.54.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend 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 is -14.08%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

FIS has been the topic of a number of analyst reports. Susquehanna increased their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada increased their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. TD Cowen lifted their target price on 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, 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 note on Thursday, August 8th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong 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 $81.25.

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.