VeriStar Capital Management LP Has $3.98 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

VeriStar Capital Management LP decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 15.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 49,282 shares of the information technology services provider's stock after selling 9,102 shares during the period. Fidelity National Information Services comprises 6.7% of VeriStar Capital Management LP's portfolio, making the stock its 9th biggest position. VeriStar Capital Management LP's holdings in Fidelity National Information Services were worth $3,981,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FIS. R Squared Ltd bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth $30,000. Morse Asset Management Inc acquired a new position in shares of Fidelity National Information Services during the 3rd quarter worth about $37,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $40,000. Grove Bank & Trust increased its position in shares of Fidelity National Information Services by 341.0% in the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 399 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Fidelity National Information Services by 70.2% during the fourth quarter. Sound Income Strategies LLC now owns 606 shares of the information technology services provider's stock worth $49,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Compass Point lowered their price target on Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Raymond James cut shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $115.00 to $101.00 in a report on Monday, January 6th. Finally, Stephens reduced their price target on 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 issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and a consensus target price of $89.29.

Fidelity National Information Services Price Performance

FIS traded down $0.87 on Thursday, hitting $78.01. 935,821 shares of the stock were exchanged, compared to its average volume of 3,910,624. The firm has a market capitalization of $41.32 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The business has a 50-day moving average of $72.80 and a two-hundred day moving average of $79.37.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted $0.94 EPS. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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.