Interval Partners LP Invests $4.12 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Interval Partners LP acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 55,517 shares of the information technology services provider’s stock, valued at approximately $4,118,000.

Other large investors have also bought and sold shares of the company. Silvercrest Asset Management Group LLC increased its position in Fidelity National Information Services by 26.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,300,199 shares of the information technology services provider’s stock worth $96,449,000 after purchasing an additional 274,203 shares during the last quarter. Ascent Group LLC bought a new stake in Fidelity National Information Services in the first quarter valued at approximately $1,381,000. Transcendent Capital Group LLC bought a new position in shares of Fidelity National Information Services during the first quarter worth approximately $294,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the 1st quarter valued at $437,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Fidelity National Information Services by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after buying an additional 11,655 shares during the period. Institutional investors own 96.23% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction on Monday, July 15th. The shares were purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS traded up $0.44 during midday trading on Wednesday, hitting $77.18. 620,207 shares of the stock traded hands, compared to its average volume of 4,137,958. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $78.73. The business’s 50 day moving average price is $75.88 and its two-hundred day moving average price is $71.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market capitalization of $42.93 billion, a PE ratio of -7.50, a price-to-earnings-growth ratio of 0.78 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Services, Inc. will post 4.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stephens restated an “overweight” rating and issued a $90.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. TD Cowen raised their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. BNP Paribas cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research note on Thursday, April 11th. Barclays increased their price objective on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.42.

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.