Interval Partners LP Lowers Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Interval Partners LP lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 53.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 25,743 shares of the information technology services provider’s stock after selling 29,774 shares during the period. Interval Partners LP’s holdings in Fidelity National Information Services were worth $1,940,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FIS. Vanguard Group Inc. grew its stake in shares of Fidelity National Information Services by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after purchasing an additional 11,023,109 shares during the period. Lyrical Asset Management LP acquired a new stake in Fidelity National Information Services during the fourth quarter valued at $260,316,000. Boston Partners increased its holdings in Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after buying an additional 3,868,683 shares in the last quarter. FIL Ltd boosted its stake in shares of Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after acquiring an additional 2,758,049 shares in the last quarter. Finally, Mizuho Markets Americas LLC grew its position in shares of Fidelity National Information Services by 115.9% during the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after acquiring an additional 2,011,848 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $84.39 on Tuesday. The firm has a 50-day simple moving average of $79.36 and a two-hundred day simple moving average of $75.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. 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 cap of $46.94 billion, a PE ratio of -8.25, a P/E/G ratio of 0.82 and a beta of 1.08.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS 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. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, 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 can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent analyst reports. UBS Group increased their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price target 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. Bank of America lifted their target price on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Morgan Stanley downgraded shares of 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. Finally, JPMorgan Chase & Co. boosted their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

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.