Symmetry Investments LP Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Symmetry Investments LP bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, Holdings Channel reports. The firm bought 31,216 shares of the information technology services provider’s stock, valued at approximately $2,352,000.

Several other large investors also recently added to or reduced their stakes in the business. Cadence Bank lifted its stake in shares of Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 132 shares during the period. Manchester Capital Management LLC lifted its stake in Fidelity National Information Services by 6.8% in the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after buying an additional 143 shares during the period. SageView Advisory Group LLC boosted its holdings in Fidelity National Information Services by 1.3% during the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock worth $853,000 after buying an additional 148 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 14.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after acquiring an additional 166 shares during the last quarter. Finally, Moody National Bank Trust Division grew its holdings in Fidelity National Information Services by 2.4% during the second quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock valued at $536,000 after purchasing an additional 169 shares during the period. 96.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on FIS. TD Cowen raised their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Susquehanna lifted their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley downgraded shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a research report on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $81.25.

Fidelity National Information Services Stock Down 0.4 %

NYSE FIS opened at $84.06 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $85.63. The business has a fifty day moving average price of $79.19 and a two-hundred day moving average price of $75.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $46.76 billion, a PE ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.49 billion. During the same period last year, the company earned $1.55 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s 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.