Dark Forest Capital Management LP Acquires New Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Dark Forest Capital Management LP bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,964 shares of the information technology services provider’s stock, valued at approximately $223,000.

Other large investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in Fidelity National Information Services by 3.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 32,612 shares of the information technology services provider’s stock valued at $1,959,000 after buying an additional 1,123 shares during the last quarter. TD Asset Management Inc raised its holdings in Fidelity National Information Services by 5.7% in the 4th quarter. TD Asset Management Inc now owns 254,932 shares of the information technology services provider’s stock worth $15,314,000 after purchasing an additional 13,758 shares during the period. Focus Financial Network Inc. ADV purchased a new position in Fidelity National Information Services during the fourth quarter valued at $208,000. Brown Brothers Harriman & Co. grew its holdings in Fidelity National Information Services by 14.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after purchasing an additional 166 shares during the period. Finally, California State Teachers Retirement System increased its position in Fidelity National Information Services by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 944,718 shares of the information technology services provider’s stock worth $56,749,000 after buying an additional 5,327 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was acquired at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FIS shares. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Bank of America raised their price objective 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, UBS Group raised their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Ten investment 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.25.

Fidelity National Information Services Stock Up 0.7 %

Shares of NYSE:FIS opened at $83.75 on Tuesday. The company has a 50-day moving average price of $80.07 and a 200 day moving average price of $76.18. 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 12 month low of $46.91 and a 12 month high of $85.63. The company has a market cap of $46.59 billion, a price-to-earnings ratio of -8.19, a PEG ratio of 0.83 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last announced its 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 firm 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 company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.72%. Fidelity National Information Services’s dividend payout ratio 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.