Davidson Kempner Capital Management LP Has $20.02 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Davidson Kempner Capital Management LP cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 42.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,701 shares of the information technology services provider’s stock after selling 195,299 shares during the quarter. Davidson Kempner Capital Management LP’s holdings in Fidelity National Information Services were worth $20,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Fidelity National Information Services by 19.1% in the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. Lyrical Asset Management LP acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at about $260,316,000. Boston Partners increased its position in Fidelity National Information Services by 642.7% during the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after acquiring an additional 3,868,683 shares during the period. FIL Ltd raised its stake in Fidelity National Information Services by 27.3% in the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after purchasing an additional 2,758,049 shares in the last quarter. Finally, Mizuho Markets Americas LLC boosted its holdings in Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after purchasing an additional 2,011,848 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FIS shares. 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 report on Tuesday, August 20th. Barclays lifted their target price on Fidelity National Information Services from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Bank of America raised their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. UBS Group upped their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Ten 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the stock in a transaction on Monday, July 15th. The shares were purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $84.06 on Monday. The stock’s 50 day moving average price is $79.19 and its two-hundred day moving average price is $75.58. The stock has a market capitalization of $46.76 billion, a price-to-earnings ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $85.63.

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

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

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.