Sapient Capital LLC Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Sapient Capital LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,917 shares of the information technology services provider’s stock, valued at approximately $1,076,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of Fidelity National Information Services in the third quarter worth approximately $25,000. Baystate Wealth Management LLC increased its stake in Fidelity National Information Services by 332.1% in the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 372 shares during the period. BKM Wealth Management LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth $35,000. Criterion Capital Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $40,000. Finally, ORG Partners LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter worth about $48,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 775 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Fidelity National Information Services Stock Up 1.9 %

Shares of FIS traded up $1.29 during midday trading on Friday, hitting $70.72. 3,571,205 shares of the company’s stock traded hands, compared to its average volume of 3,578,831. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $74.75. The firm’s fifty day moving average is $70.56 and its 200-day moving average is $62.46. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $39.71 billion, a price-to-earnings ratio of -6.29, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business posted $1.71 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current year.

Fidelity National Information Services declared that its Board of Directors has authorized a stock buyback program on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. Fidelity National Information Services’s payout ratio is -12.81%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group started coverage on Fidelity National Information Services in a research note on Thursday, February 29th. They issued a “buy” rating and a $84.00 price objective on the stock. Morgan Stanley lifted their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Evercore ISI increased their price target on Fidelity National Information Services from $62.00 to $75.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 30th. Finally, UBS Group lifted their price objective on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

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.