Bayesian Capital Management LP Reduces Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Bayesian Capital Management LP lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 83.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,742 shares of the information technology services provider’s stock after selling 48,024 shares during the period. Bayesian Capital Management LP’s holdings in Fidelity National Information Services were worth $723,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FIS. EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter worth $29,000. Rise Advisors LLC bought a new position in shares of Fidelity National Information Services in the first quarter worth $29,000. Delta Asset Management LLC TN increased its holdings in shares of Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares during the period. Palisade Asset Management LLC bought a new position in shares of Fidelity National Information Services in the first quarter worth $37,000. Finally, Criterion Capital Advisors LLC bought a new position in Fidelity National Information Services in the fourth quarter valued at $40,000. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Bank of America increased their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Susquehanna restated a “positive” rating and set a $86.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. 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. Finally, BNP Paribas lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Thursday, April 11th. Nine research 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.42.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 719 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were acquired at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Price Performance

Shares of FIS traded up $1.09 during trading hours on Tuesday, reaching $76.81. 1,491,977 shares of the stock traded hands, compared to its average volume of 4,159,030. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $78.73. The company’s 50-day moving average price is $75.90 and its two-hundred day moving average price is $71.00. The company has a market cap of $42.73 billion, a P/E ratio of -7.49, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the company earned $1.29 EPS. Fidelity National Information Services’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current year.

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.