Sumitomo Mitsui DS Asset Management Company Ltd Buys 1,042 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 62,503 shares of the information technology services provider’s stock after purchasing an additional 1,042 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fidelity National Information Services were worth $4,668,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FIS. Kennebec Savings Bank grew its holdings in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 186 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth about $40,000. CoreCap Advisors LLC increased its holdings in Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock valued at $46,000 after purchasing an additional 509 shares during the period. Brown Brothers Harriman & Co. raised its position in Fidelity National Information Services by 139.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 371 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in Fidelity National Information Services by 34.3% in the 1st quarter. Pinnacle Bancorp Inc. now owns 685 shares of the information technology services provider’s stock worth $51,000 after buying an additional 175 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 1.3%

Fidelity National Information Services stock opened at $81.29 on Thursday. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a market capitalization of $42.71 billion, a price-to-earnings ratio of 53.83, a price-to-earnings-growth ratio of 1.53 and a beta of 1.06. The business’s fifty day simple moving average is $79.62 and its two-hundred day simple moving average is $76.97. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.97%. Fidelity National Information Services’s dividend payout ratio is 105.96%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FIS. Robert W. Baird boosted their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday, April 4th. Citigroup raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Truist Financial started coverage on shares of Fidelity National Information Services in a research report on Monday, June 2nd. They issued a “hold” rating and a $84.00 target price for the company. Royal Bank Of Canada reduced their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Finally, Oppenheimer upgraded shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.75.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director directly owned 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

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.