33,610 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 33,610 shares of the information technology services provider's stock, valued at approximately $2,533,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth $40,029,000. Insigneo Advisory Services LLC raised its position in Fidelity National Information Services by 17.6% in the second quarter. Insigneo Advisory Services LLC now owns 4,513 shares of the information technology services provider's stock worth $329,000 after acquiring an additional 677 shares in the last quarter. Distillate Capital Partners LLC acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at about $16,716,000. Xponance Inc. boosted its position in shares of Fidelity National Information Services by 41.1% during the 2nd quarter. Xponance Inc. now owns 113,465 shares of the information technology services provider's stock valued at $8,551,000 after purchasing an additional 33,066 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Fidelity National Information Services by 8.5% in the 2nd quarter. Bank of Montreal Can now owns 672,105 shares of the information technology services provider's stock worth $50,825,000 after purchasing an additional 52,877 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FIS shares. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. TD Cowen raised their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their target price on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. UBS Group upped 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $81.25.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the firm's stock in a transaction on Monday, July 15th. The stock was bought at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares of the company's stock, valued at $750,510.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

Fidelity National Information Services Stock Down 2.0 %

Shares of FIS traded down $1.72 during midday trading on Wednesday, reaching $82.31. 3,277,885 shares of the stock were exchanged, compared to its average volume of 3,902,218. The company has a market cap of $44.91 billion, a price-to-earnings ratio of -8.03, a P/E/G ratio of 0.83 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $85.63. The firm has a 50 day simple moving average of $79.50 and a 200-day simple moving average of $75.79.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued 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. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The company's revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.75%. Fidelity National Information Services's dividend payout ratio (DPR) is currently -14.08%.

Fidelity National Information Services 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.