FNY Investment Advisers LLC Increases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

FNY Investment Advisers LLC boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 361.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,486 shares of the information technology services provider’s stock after purchasing an additional 1,947 shares during the quarter. FNY Investment Advisers LLC’s holdings in Fidelity National Information Services were worth $135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors Inc. grew its holdings in Fidelity National Information Services by 1.5% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock worth $756,000 after acquiring an additional 111 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Fidelity National Information Services by 3.8% during the first quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock valued at $311,000 after purchasing an additional 112 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 130 shares during the period. Shaker Investments LLC OH raised its stake in Fidelity National Information Services by 1.6% in the fourth quarter. Shaker Investments LLC OH now owns 11,948 shares of the information technology services provider’s stock worth $811,000 after buying an additional 183 shares in the last quarter. Finally, Horrell Capital Management Inc. lifted its holdings in Fidelity National Information Services by 0.6% during the first quarter. Horrell Capital Management Inc. now owns 29,514 shares of the information technology services provider’s stock worth $1,603,000 after buying an additional 184 shares during the period. 85.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Ellen R. Alemany bought 760 shares of Fidelity National Information Services stock in a transaction dated Monday, July 17th. The stock was acquired at an average cost of $58.82 per share, with a total value of $44,703.20. Following the purchase, the director now directly owns 3,743 shares in the company, valued at approximately $220,163.26. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Ellen R. Alemany bought 760 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was acquired at an average price of $58.82 per share, with a total value of $44,703.20. Following the completion of the purchase, the director now directly owns 3,743 shares of the company’s stock, valued at $220,163.26. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Erik D. Hoag sold 3,451 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $54.15, for a total transaction of $186,871.65. Following the completion of the transaction, the chief financial officer now directly owns 19,887 shares in the company, valued at $1,076,881.05. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded up $0.52 during mid-day trading on Friday, hitting $56.90. The company had a trading volume of 9,042,653 shares, compared to its average volume of 5,400,630. The company has a market capitalization of $33.71 billion, a price-to-earnings ratio of -1.43, a P/E/G ratio of 0.89 and a beta of 0.83. Fidelity National Information Services, Inc. has a 12-month low of $48.57 and a 12-month high of $85.18. The company’s fifty day moving average is $57.63 and its 200-day moving average is $56.09. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.67.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Fidelity National Information Services had a negative net margin of 161.74% and a positive return on equity of 12.54%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.71 billion. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $1.73 earnings per share. Equities research analysts predict that Fidelity National Information Services, Inc. will post 6.02 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.52 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.08 dividend on an annualized basis and a yield of 3.66%. Fidelity National Information Services’s payout ratio is -5.23%.

Analyst Ratings Changes

FIS has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on Fidelity National Information Services from $79.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. Royal Bank of Canada reduced their price objective on shares of Fidelity National Information Services from $81.00 to $71.00 in a research note on Monday, July 10th. StockNews.com started coverage on shares of Fidelity National Information Services in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Mizuho decreased their price objective on Fidelity National Information Services from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.70.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.