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

Versant Capital Management Inc grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 137.1% during the second quarter, HoldingsChannel reports. The firm 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 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FIS. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth $64,000. DNB Asset Management AS increased its holdings in shares of Fidelity National Information Services by 6.1% during the 2nd quarter. DNB Asset Management AS now owns 95,491 shares of the information technology services provider’s stock worth $7,196,000 after buying an additional 5,522 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of Fidelity National Information Services by 2.4% during the 2nd quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock worth $536,000 after buying an additional 169 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Fidelity National Information Services by 45.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,832 shares of the information technology services provider’s stock worth $138,000 after buying an additional 570 shares during the last quarter. Finally, First Hawaiian Bank increased its holdings in shares of Fidelity National Information Services by 7.7% during the 2nd quarter. First Hawaiian Bank now owns 62,560 shares of the information technology services provider’s stock worth $4,715,000 after buying an additional 4,469 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The stock was acquired at an average cost 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 in the company, valued at approximately $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

FIS has been the subject of several recent research reports. BNP Paribas downgraded 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. Susquehanna reiterated a “positive” rating and issued a $86.00 price target on shares of Fidelity National Information Services in a report on Wednesday, July 10th. Keefe, Bruyette & Woods increased their price target on Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Stephens reiterated an “overweight” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Finally, TD Cowen increased their price target on Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $79.42.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded up $3.74 during midday trading on Tuesday, hitting $76.54. 5,735,170 shares of the company’s stock were exchanged, compared to its average volume of 4,142,774. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The stock’s 50 day moving average price is $75.67 and its 200-day moving average price is $71.50. The firm has a market cap of $42.58 billion, a P/E ratio of -7.48, a PEG ratio of 0.77 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate 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%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders 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 annualized dividend and a dividend yield of 1.88%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

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.