BBR Partners LLC Lowers Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

BBR Partners LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,849 shares of the information technology services provider’s stock after selling 868 shares during the period. BBR Partners LLC’s holdings in Fidelity National Information Services were worth $667,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FIS. Vanguard Group Inc. boosted its holdings in 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 period. Norges Bank acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $478,594,000. Lyrical Asset Management LP purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $260,316,000. Boston Partners grew its position in shares of 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 buying an additional 3,868,683 shares in the last quarter. Finally, FIL Ltd increased its stake in shares of Fidelity National Information Services by 27.3% during the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after buying an additional 2,758,049 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Mizuho lifted their price objective on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. UBS Group increased their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.65.

Insider Transactions at Fidelity National Information Services

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 bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the acquisition, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $82.46 on Friday. The company has a market capitalization of $45.87 billion, a price-to-earnings ratio of -8.06, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $83.29. The firm has a 50-day simple moving average of $77.28 and a 200-day simple moving average of $74.15. 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 (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm earned $1.55 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.75%. Fidelity National Information Services’s payout ratio is currently -14.08%.

About Fidelity National Information Services

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.