Qsemble Capital Management LP Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Qsemble Capital Management LP purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 15,209 shares of the information technology services provider’s stock, valued at approximately $1,274,000.

Other large investors also recently modified their holdings of the company. Horizon Kinetics Asset Management LLC increased its stake in shares of Fidelity National Information Services by 30.8% during the third quarter. Horizon Kinetics Asset Management LLC now owns 31,840 shares of the information technology services provider’s stock valued at $2,667,000 after buying an additional 7,500 shares during the period. DRW Securities LLC increased its position in Fidelity National Information Services by 106.9% during the 3rd quarter. DRW Securities LLC now owns 8,022 shares of the information technology services provider’s stock valued at $672,000 after purchasing an additional 4,144 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in Fidelity National Information Services by 154.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 10,254 shares of the information technology services provider’s stock worth $859,000 after purchasing an additional 6,223 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Fidelity National Information Services by 6.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 70,643 shares of the information technology services provider’s stock worth $5,917,000 after purchasing an additional 4,121 shares during the period. Finally, Marco Investment Management LLC bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at about $209,000. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on FIS shares. Keefe, Bruyette & Woods boosted their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird increased their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Compass Point started coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target for the company. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Finally, TD Cowen lifted their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $84.39 on Tuesday. Fidelity National Information Services, Inc. has a 52 week low of $55.24 and a 52 week high of $91.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market cap of $45.43 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 0.73 and a beta of 1.06. The business has a 50-day simple moving average of $86.95 and a two-hundred day simple moving average of $80.77.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insider Buying and Selling

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

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.