3Chopt Investment Partners LLC Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

3Chopt Investment Partners LLC acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,811 shares of the information technology services provider's stock, valued at approximately $658,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $347,000. IFP Advisors Inc lifted its stake in shares of Fidelity National Information Services by 5.4% during the 4th quarter. IFP Advisors Inc now owns 5,258 shares of the information technology services provider's stock valued at $425,000 after buying an additional 271 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in Fidelity National Information Services by 2.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 235,500 shares of the information technology services provider's stock worth $19,021,000 after buying an additional 5,000 shares during the period. Proficio Capital Partners LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth $12,245,000. Finally, QRG Capital Management Inc. increased its stake in Fidelity National Information Services by 59.7% in the 4th quarter. QRG Capital Management Inc. now owns 66,341 shares of the information technology services provider's stock worth $5,358,000 after buying an additional 24,793 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director owned 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.21% of the company's stock.

Analyst Ratings Changes

FIS has been the topic of several research analyst reports. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada lowered their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Truist Financial assumed coverage on shares of Fidelity National Information Services in a report on Monday, June 2nd. They set a "hold" rating and a $84.00 price objective for the company. 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 report on Monday, April 21st. Finally, Robert W. Baird raised their target price on shares of 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $90.75.

Fidelity National Information Services Trading Up 1.2%

NYSE FIS traded up $0.96 on Tuesday, hitting $82.37. 2,998,833 shares of the stock were exchanged, compared to its average volume of 3,355,638. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a fifty day moving average price of $79.52 and a two-hundred day moving average price of $76.90. The firm has a market capitalization of $43.28 billion, a P/E ratio of 54.55, a P/E/G ratio of 1.50 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. Fidelity National Information Services's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 EPS. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company 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. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. Fidelity National Information Services's payout ratio is currently 105.96%.

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.