122,838 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Purchased by Two Sigma Investments LP

Two Sigma Investments LP bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 122,838 shares of the information technology services provider’s stock, valued at approximately $9,283,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Fidelity National Information Services by 0.8% in the third quarter. Vanguard Group Inc. now owns 50,616,061 shares of the information technology services provider’s stock worth $3,825,056,000 after buying an additional 395,342 shares during the period. FMR LLC lifted its holdings in Fidelity National Information Services by 15.0% in the second quarter. FMR LLC now owns 10,076,950 shares of the information technology services provider’s stock worth $923,754,000 after buying an additional 1,311,766 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Fidelity National Information Services by 18.9% in the second quarter. Goldman Sachs Group Inc. now owns 8,668,569 shares of the information technology services provider’s stock worth $794,647,000 after buying an additional 1,380,495 shares during the period. Northern Trust Corp lifted its holdings in Fidelity National Information Services by 12.3% in the second quarter. Northern Trust Corp now owns 6,841,553 shares of the information technology services provider’s stock worth $627,166,000 after buying an additional 747,909 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Fidelity National Information Services by 12.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,491,575 shares of the information technology services provider’s stock worth $490,569,000 after buying an additional 695,648 shares during the period. 90.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Fidelity National Information Services from $70.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, February 14th. Evercore ISI lowered their target price on shares of Fidelity National Information Services to $95.00 in a report on Friday, December 2nd. UBS Group lowered their target price on shares of Fidelity National Information Services from $86.00 to $78.00 in a report on Tuesday, February 14th. Raymond James lowered their target price on shares of Fidelity National Information Services from $86.00 to $83.00 and set a “strong-buy” rating for the company in a report on Tuesday, February 14th. Finally, Barclays lowered their target price on shares of Fidelity National Information Services from $73.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, February 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $91.83.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey E. Stiefler bought 2,243 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were bought at an average price of $66.88 per share, for a total transaction of $150,011.84. Following the purchase, the director now owns 3,343 shares in the company, valued at $223,579.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jeffrey E. Stiefler bought 2,243 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were bought at an average price of $66.88 per share, for a total transaction of $150,011.84. Following the purchase, the director now owns 3,343 shares in the company, valued at $223,579.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Erik D. Hoag sold 5,658 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $63.88, for a total transaction of $361,433.04. Following the completion of the sale, the chief financial officer now owns 16,368 shares in the company, valued at approximately $1,045,587.84. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Fidelity National Information Services Trading Down 12.9 %

Shares of FIS stock opened at $49.82 on Tuesday. Fidelity National Information Services, Inc. has a 1 year low of $49.64 and a 1 year high of $106.65. The firm has a fifty day moving average price of $69.04 and a 200-day moving average price of $72.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $29.49 billion, a price-to-earnings ratio of -1.77, a PEG ratio of 0.93 and a beta of 0.84.

Fidelity National Information Services (NYSE:FIS – Get Rating) last issued its quarterly earnings data on Monday, February 13th. The information technology services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.01. Fidelity National Information Services had a negative net margin of 115.07% and a positive return on equity of 9.71%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.88 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be paid a dividend of $0.52 per share. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, March 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.18%. Fidelity National Information Services’s payout ratio is -7.37%.

Fidelity National Information Services Profile

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Fidelity National Information Services, Inc engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking, Merchant, Capital Markets, and Corporate and Other. The Banking segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services.