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

Bayesian Capital Management LP decreased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 83.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Fidelity National Information Services by 19.1% during the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after buying an additional 11,023,109 shares during the period. FIL Ltd grew its holdings in Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after acquiring an additional 2,758,049 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Fidelity National Information Services by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock worth $506,753,000 after acquiring an additional 121,154 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Fidelity National Information Services by 6.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after acquiring an additional 537,180 shares in the last quarter. Finally, Norges Bank acquired a new position in Fidelity National Information Services during the 4th quarter worth $478,594,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded up $1.09 during midday trading on Tuesday, reaching $76.81. The company’s stock had a trading volume of 1,491,977 shares, 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. The company has a 50 day moving average price of $75.90 and a 200 day moving average price of $71.00. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The company has a market cap of $42.73 billion, a price-to-earnings 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 EPS for the quarter, topping 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 business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the firm earned $1.29 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FIS. Wedbush reissued an “outperform” rating and set a $75.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, May 8th. Mizuho raised their price objective on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Morgan Stanley lowered shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a report on Monday, July 22nd. Bank of America raised their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, BNP Paribas lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.42.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 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, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

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.