Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by CX Institutional

CX Institutional raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,177 shares of the information technology services provider’s stock after acquiring an additional 700 shares during the quarter. CX Institutional’s holdings in Fidelity National Information Services were worth $461,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kennebec Savings Bank increased its position in shares of Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 186 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at $40,000. CoreCap Advisors LLC increased its position in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock valued at $46,000 after buying an additional 509 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Fidelity National Information Services by 139.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 371 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of Fidelity National Information Services by 109.8% in the first quarter. Harbor Investment Advisory LLC now owns 770 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 403 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $79.29 on Friday. The firm has a market capitalization of $41.66 billion, a P/E ratio of 30.38, a P/E/G ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50-day simple moving average is $77.56 and its 200-day simple moving average is $77.34.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares of the company’s stock, valued at $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FIS. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Truist Financial initiated coverage on Fidelity National Information Services in a research report on Monday, June 2nd. They set a “hold” rating and a $84.00 price objective for the company. Royal Bank of Canada dropped their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. UBS Group lifted their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Finally, Citigroup upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

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.