Townsquare Capital LLC Has $6.50 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Townsquare Capital LLC increased its stake in Fidelity National Information Services by 148.9%, owning a total of 86,971 shares worth approximately $6.5 million.
• Analysts have mixed views on Fidelity National Information Services, with price targets being lowered by several firms while others maintain buy ratings, giving it an average target price of $91.63.
• The company recently announced a quarterly dividend of $0.40 per share, which will be issued on September 24, representing a 2.2% dividend yield.

Townsquare Capital LLC raised its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 148.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,971 shares of the information technology services provider's stock after buying an additional 52,032 shares during the quarter. Townsquare Capital LLC's holdings in Fidelity National Information Services were worth $6,495,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the 4th quarter worth $347,000. Wellington Management Group LLP lifted its stake in shares of Fidelity National Information Services by 24.0% in the fourth quarter. Wellington Management Group LLP now owns 21,587 shares of the information technology services provider's stock valued at $1,744,000 after buying an additional 4,180 shares during the period. Bank of Nova Scotia lifted its stake in shares of Fidelity National Information Services by 2.1% in the fourth quarter. Bank of Nova Scotia now owns 71,780 shares of the information technology services provider's stock valued at $5,798,000 after buying an additional 1,446 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $35,074,000. Finally, Argent Trust Co grew its position in Fidelity National Information Services by 10.4% during the fourth quarter. Argent Trust Co now owns 10,251 shares of the information technology services provider's stock worth $828,000 after buying an additional 966 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a report on Wednesday. Royal Bank Of Canada dropped their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target for the company in a research note on Wednesday, April 23rd. Finally, Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $71.12 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company's 50 day moving average price is $79.78 and its two-hundred day moving average price is $76.73. The firm has a market cap of $37.15 billion, a PE ratio of 395.13 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio is 888.89%.

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.

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