Adage Capital Partners GP L.L.C. Has $29.56 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Adage Capital Partners GP L.L.C. lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 365,978 shares of the information technology services provider's stock after selling 248,300 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.07% of Fidelity National Information Services worth $29,560,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT boosted its stake in Fidelity National Information Services by 4.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after acquiring an additional 128 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after purchasing an additional 129 shares during the period. Old Port Advisors increased its stake in shares of Fidelity National Information Services by 4.9% during the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after acquiring an additional 135 shares during the period. Modera Wealth Management LLC boosted its stake in Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after purchasing an additional 137 shares in the last quarter. Finally, Center for Financial Planning Inc. lifted its holdings in Fidelity National Information Services by 3.8% in the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after acquiring an additional 138 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their target price for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Compass Point cut their price target on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. UBS Group reduced their target price on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, Stephens decreased their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.29.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded down $1.04 during mid-day trading on Thursday, reaching $77.84. 798,035 shares of the stock were exchanged, compared to its average volume of 3,525,801. The company has a market cap of $41.23 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $72.80 and a 200 day simple moving average of $79.37.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the previous year, the company earned $0.94 earnings per share. On average, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Profile

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.