Invenomic Capital Management LP Decreases Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Invenomic Capital Management LP decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 59.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,446 shares of the information technology services provider’s stock after selling 86,068 shares during the quarter. Invenomic Capital Management LP’s holdings in Fidelity National Information Services were worth $4,410,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $29,000. Rise Advisors LLC purchased a new stake in shares of Fidelity National Information Services in the first quarter valued at $29,000. Delta Asset Management LLC TN increased its stake in Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after buying an additional 450 shares during the period. Palisade Asset Management LLC purchased a new position in Fidelity National Information Services in the 1st quarter worth about $37,000. Finally, Criterion Capital Advisors LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction on Monday, July 15th. The shares were bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the purchase, the director now directly owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

FIS traded up $1.03 during trading on Tuesday, reaching $76.75. 1,993,493 shares of the company’s stock were exchanged, compared to its average volume of 4,162,489. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year 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. The stock has a market capitalization of $42.69 billion, a P/E ratio of -7.49, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06. The company’s fifty day simple moving average is $75.90 and its 200-day simple moving average is $71.00.

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, beating the consensus estimate of $0.96 by $0.14. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on FIS. Mizuho raised their price target on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Thursday, April 11th. Barclays raised their price target on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Bank of America increased their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus target price of $79.42.

Fidelity National Information Services Company 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.