33,610 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,610 shares of the information technology services provider’s stock, valued at approximately $2,533,000.

Several other hedge funds have also recently bought and sold shares of FIS. Rise Advisors LLC acquired a new position in Fidelity National Information Services during the first quarter valued at approximately $29,000. EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services in the second quarter worth about $35,000. Family Firm Inc. bought a new position in Fidelity National Information Services in the 2nd quarter valued at approximately $35,000. Palisade Asset Management LLC bought a new position in Fidelity National Information Services in the first quarter valued at about $37,000. Finally, Rothschild Investment LLC bought a new stake in shares of Fidelity National Information Services during the second quarter worth about $45,000. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FIS shares. TD Cowen raised their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods increased their price objective 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. Royal Bank of Canada lifted their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, UBS Group upped their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.25.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were purchased at an average price of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

FIS opened at $84.03 on Wednesday. The firm’s fifty day moving average price is $79.50 and its two-hundred day moving average price is $75.79. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $85.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm posted $1.55 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

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.