Perella Weinberg Partners Capital Management LP Acquires Shares of 37,473 Fidelity National Information Servcs Inc (NYSE:FIS)

Perella Weinberg Partners Capital Management LP acquired a new stake in Fidelity National Information Servcs Inc (NYSE:FIS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,473 shares of the information technology services provider’s stock, valued at approximately $4,597,000.

A number of other large investors have also recently bought and sold shares of FIS. Marshall Wace North America L.P. grew its position in shares of Fidelity National Information Servcs by 15,717.0% during the 1st quarter. Marshall Wace North America L.P. now owns 1,774,196 shares of the information technology services provider’s stock valued at $200,662,000 after acquiring an additional 1,762,979 shares during the period. Ceredex Value Advisors LLC bought a new position in shares of Fidelity National Information Servcs during the 1st quarter valued at approximately $144,430,000. Swedbank bought a new position in shares of Fidelity National Information Servcs during the 1st quarter valued at approximately $108,321,000. BlackRock Inc. grew its position in shares of Fidelity National Information Servcs by 3.5% during the 1st quarter. BlackRock Inc. now owns 25,752,780 shares of the information technology services provider’s stock valued at $2,912,641,000 after acquiring an additional 877,811 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Fidelity National Information Servcs during the 1st quarter valued at approximately $57,172,000. Hedge funds and other institutional investors own 92.81% of the company’s stock.

In related news, Director James B. Stallings, Jr. sold 1,240 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $122.55, for a total value of $151,962.00. Following the completion of the transaction, the director now directly owns 8,370 shares of the company’s stock, valued at approximately $1,025,743.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.43% of the stock is currently owned by company insiders.

FIS traded down $1.05 on Friday, hitting $130.16. The company’s stock had a trading volume of 4,516,764 shares, compared to its average volume of 6,601,507. The stock’s 50 day simple moving average is $127.30. The stock has a market cap of $42.15 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 1.59 and a beta of 0.64. Fidelity National Information Servcs Inc has a 12 month low of $94.53 and a 12 month high of $137.03. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.86.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.07. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.02 billion. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. Fidelity National Information Servcs’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. Research analysts anticipate that Fidelity National Information Servcs Inc will post 7.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

A number of research firms have recently weighed in on FIS. Keefe, Bruyette & Woods began coverage on shares of Fidelity National Information Servcs in a research report on Monday, April 8th. They set an “outperform” rating and a $136.00 target price for the company. Susquehanna Bancshares began coverage on shares of Fidelity National Information Servcs in a research report on Friday, May 31st. They set a “positive” rating and a $140.00 target price for the company. Moffett Nathanson began coverage on shares of Fidelity National Information Servcs in a research report on Tuesday, May 21st. They set a “buy” rating and a $147.00 target price for the company. Oppenheimer increased their target price on shares of Fidelity National Information Servcs from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, ValuEngine downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $152.28.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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Institutional Ownership by Quarter for Fidelity National Information Servcs (NYSE:FIS)

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