Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 96.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,137 shares of the information technology services provider’s stock after acquiring an additional 557 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Fidelity National Information Services were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at $29,000. Delta Asset Management LLC TN raised its position in shares of Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $35,000. Criterion Capital Advisors LLC acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $40,000. Finally, ORG Partners LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth about $48,000. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FIS shares. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. The Goldman Sachs Group began coverage on Fidelity National Information Services in a research report on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price for the company. Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley raised their price objective on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $79.32.

Fidelity National Information Services Price Performance

NYSE FIS opened at $76.49 on Friday. The firm has a market cap of $42.55 billion, a P/E ratio of -7.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.05. The stock’s 50-day moving average is $74.26 and its two-hundred day moving average is $68.00. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the company earned $1.29 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 4.96 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has initiated a stock repurchase program on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 1.88%. 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.