Versant Capital Management Inc Raises Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Versant Capital Management Inc increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 137.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 633 shares of the information technology services provider’s stock after purchasing an additional 366 shares during the quarter. Versant Capital Management Inc’s holdings in Fidelity National Information Services were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FIS. International Assets Investment Management LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $2,461,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $278,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Fidelity National Information Services by 10.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 178,231 shares of the information technology services provider’s stock worth $10,723,000 after purchasing an additional 16,337 shares during the last quarter. Equitable Trust Co. lifted its stake in shares of Fidelity National Information Services by 3,740.6% during the 4th quarter. Equitable Trust Co. now owns 234,394 shares of the information technology services provider’s stock worth $14,080,000 after purchasing an additional 228,291 shares during the last quarter. Finally, Olstein Capital Management L.P. lifted its stake in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Olstein Capital Management L.P. now owns 106,000 shares of the information technology services provider’s stock worth $6,367,000 after purchasing an additional 4,000 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on FIS. Evercore ISI upped their target price on Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a research report on Monday, July 22nd. Bank of America upped their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada upped their target price on Fidelity National Information Services from $82.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.42.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 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, for a total transaction of $55,226.39. Following the completion of the transaction, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded up $3.74 during midday trading on Tuesday, hitting $76.54. 5,735,170 shares of the company were exchanged, compared to its average volume of 4,142,774. The firm has a market capitalization of $42.58 billion, a PE ratio of -7.48, a price-to-earnings-growth ratio of 0.77 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 $78.73. The business has a fifty day simple moving average of $75.67 and a two-hundred day simple moving average of $71.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52.

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

Fidelity National Information Services Announces Dividend

The firm also recently declared 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 1.88%. Fidelity National Information Services’s dividend payout ratio is currently -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.