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Alberta Investment Management Corp Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Fidelity National Information Services logo with Business Services background

Key Points

  • Alberta Investment Management Corp has acquired a new stake in Fidelity National Information Services Inc., purchasing 105,791 shares valued at approximately $7.90 million.
  • Fidelity National Information Services recently announced a quarterly dividend of $0.40 per share, representing an annualized yield of 2.0% and a dividend payout ratio of 105.96%.
  • Analysts have a consensus rating of "Moderate Buy" for FIS, with an average price target of $91.00, reflecting positive sentiment amid relatively stable earnings performance.
  • Interested in Fidelity National Information Services? Here are five stocks we like better.

Alberta Investment Management Corp purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 105,791 shares of the information technology services provider's stock, valued at approximately $7,900,000.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC lifted its position in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 267 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after buying an additional 164 shares during the last quarter. YANKCOM Partnership grew its stake in shares of Fidelity National Information Services by 118.8% in the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares during the period. Finally, Kennebec Savings Bank boosted 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 valued at $33,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $0.60 during trading on Monday, reaching $78.96. The stock had a trading volume of 2,877,626 shares, compared to its average volume of 2,243,178. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The business's 50-day moving average price is $80.46 and its 200 day moving average price is $76.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $41.49 billion, a PE ratio of 52.29 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. Fidelity National Information Services's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.0%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Wall Street Analyst Weigh In

FIS has been the subject of a number of research reports. UBS Group increased their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Truist Financial increased their price target on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Monday, April 21st. 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 for the company in a report on Wednesday, May 7th. Finally, Stephens increased their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.00.

Get Our Latest Stock Report on FIS

Fidelity National Information Services Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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