Trading Report: Today, BNP Paribas Arbitrage SA Reached $3,818,000 position of Fidelity National Information Services Inc. (FIS)

Today, BNP Paribas Arbitrage SA Reached $3,818,000 position  of Fidelity National Information Services Inc. (FIS)

BNP Paribas Arbitrage SA decreased its position in Fidelity National Information Services Inc. (NYSE:FIS) by 11.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,569 shares of the company’s stock after selling 6,228 shares during the period. BNP Paribas Arbitrage SA’s holdings in Fidelity National Information Services were worth $3,818,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FIS. Daiwa SB Investments Ltd. increased its stake in shares of Fidelity National Information Services by 8.1% in the second quarter. Daiwa SB Investments Ltd. now owns 1,470 shares of the company’s stock worth $107,000 after buying an additional 110 shares in the last quarter. Ropes Wealth Advisors LLC bought a new stake in shares of Fidelity National Information Services during the second quarter worth about $130,000. Point72 Asia Hong Kong Ltd increased its stake in shares of Fidelity National Information Services by 800.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,800 shares of the company’s stock worth $133,000 after buying an additional 1,600 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of Fidelity National Information Services by 18.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,961 shares of the company’s stock worth $144,000 after buying an additional 300 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Fidelity National Information Services by 5.7% in the second quarter. Quadrant Capital Group LLC now owns 2,165 shares of the company’s stock worth $155,000 after buying an additional 116 shares in the last quarter. 86.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fidelity National Information Services Inc. (NYSE:FIS) traded down 0.11% during mid-day trading on Monday, reaching $78.67. The company’s stock had a trading volume of 1,303,000 shares. The firm has a market cap of $25.82 billion, a price-to-earnings ratio of 54.48 and a beta of 0.88. The company’s 50-day moving average is $76.16 and its 200 day moving average is $76.35. Fidelity National Information Services Inc. has a 12 month low of $55.11 and a 12 month high of $81.67.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm earned $2.31 billion during the quarter, compared to analyst estimates of $2.41 billion. Fidelity National Information Services had a net margin of 5.38% and a return on equity of 12.15%. The business’s revenue for the quarter was up 46.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. On average, equities analysts anticipate that Fidelity National Information Services Inc. will post $3.83 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 71.72%.

A number of equities research analysts recently issued reports on FIS shares. Cantor Fitzgerald started coverage on Fidelity National Information Services in a research report on Friday, October 7th. They set a “buy” rating and a $89.00 price target on the stock. Zacks Investment Research upgraded Fidelity National Information Services from a “sell” rating to a “hold” rating and set a $84.00 target price for the company in a research note on Wednesday, November 2nd. Wedbush began coverage on Fidelity National Information Services in a research note on Thursday, September 8th. They set an “outperform” rating and a $92.00 target price for the company. Pacific Crest began coverage on Fidelity National Information Services in a research note on Friday, November 18th. They set an “overweight” rating and a $86.00 target price for the company. Finally, Barclays PLC upped their target price on Fidelity National Information Services from $88.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, September 26th. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Fidelity National Information Services currently has an average rating of “Buy” and an average price target of $85.80.

In related news, Director James B. Stallings, Jr. sold 10,487 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $76.99, for a total value of $807,394.13. Following the completion of the transaction, the director now directly owns 19,858 shares in the company, valued at $1,528,867.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory G. Montana sold 1,488 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $74.90, for a total transaction of $111,451.20. Following the completion of the transaction, the executive vice president now owns 17,355 shares of the company’s stock, valued at $1,299,889.50. The disclosure for this sale can be found here. Insiders own 2.29% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company offers a range of solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services.

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