4,030 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Equity Investment Corp

Equity Investment Corp bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 4,030 shares of the information technology services provider’s stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its position in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after acquiring an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock valued at $1,052,819,000 after acquiring an additional 208,127 shares during the last quarter. Boston Partners increased its stake in Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after purchasing an additional 446,544 shares in the last quarter. Norges Bank purchased a new position in Fidelity National Information Services in the 4th quarter worth about $635,202,000. Finally, Invesco Ltd. increased its stake in Fidelity National Information Services by 9.1% in the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider’s stock worth $611,682,000 after purchasing an additional 632,328 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FIS. Stephens lifted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Truist Financial began coverage on Fidelity National Information Services in a research note on Monday, June 2nd. They issued a “hold” rating and a $84.00 price target on the stock. TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Monday, April 21st. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Citigroup raised shares of 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.95.

Fidelity National Information Services Trading Down 0.8%

Shares of NYSE:FIS opened at $78.83 on Wednesday. The stock has a market capitalization of $41.41 billion, a PE ratio of 52.20 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 firm has a fifty day moving average price of $79.93 and a 200 day moving average price of $76.83. 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 issued its quarterly earnings data 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. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. Fidelity National Information Services’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. Analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio is presently 105.96%.

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.