Stevens Capital Management LP Acquires Shares of 5,699 Fidelity National Information Services, Inc. (NYSE:FIS)

Stevens Capital Management LP acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,699 shares of the information technology services provider’s stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIS. CWM LLC grew its position in Fidelity National Information Services by 22.6% in the 3rd quarter. CWM LLC now owns 9,544 shares of the information technology services provider’s stock worth $527,000 after purchasing an additional 1,758 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of Fidelity National Information Services by 34.5% in the third quarter. AE Wealth Management LLC now owns 11,680 shares of the information technology services provider’s stock valued at $646,000 after purchasing an additional 2,994 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in Fidelity National Information Services by 2,642.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 905 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 872 shares during the last quarter. Counterpoint Mutual Funds LLC raised its stake in Fidelity National Information Services by 12.5% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 1,978 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 220 shares during the period. Finally, Caprock Group LLC grew its holdings in shares of Fidelity National Information Services by 47.9% during the third quarter. Caprock Group LLC now owns 9,050 shares of the information technology services provider’s stock worth $500,000 after purchasing an additional 2,933 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FIS shares. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Bank of America upped their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Mizuho upped their target price on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Finally, Evercore ISI boosted their target price on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.59.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the company’s stock in a transaction on Monday, April 15th. The stock was purchased at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is owned by company insiders.

Fidelity National Information Services Price Performance

NYSE:FIS traded down $0.88 during mid-day trading on Friday, hitting $69.59. 3,761,655 shares of the company’s stock traded hands, compared to its average volume of 4,426,802. The company has a market cap of $40.12 billion, a PE ratio of -6.27, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $74.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50 day simple moving average is $69.92 and its 200 day simple moving average is $61.77.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. Fidelity National Information Services’s dividend payout ratio is -12.81%.

Fidelity National Information Services announced that its board has initiated a stock buyback plan on Monday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.