Ameritas Advisory Services LLC Boosts Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Ameritas Advisory Services LLC grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 269.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,745 shares of the information technology services provider's stock after purchasing an additional 10,026 shares during the period. Ameritas Advisory Services LLC's holdings in Fidelity National Information Services were worth $1,046,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Fidelity National Information Services in the fourth quarter worth $635,202,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth $451,458,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock worth $261,037,000 after purchasing an additional 1,616,146 shares during the period. Capital Research Global Investors boosted its holdings in shares of Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after buying an additional 1,082,929 shares during the last quarter. Finally, Northern Trust Corp grew its position in Fidelity National Information Services by 16.5% during the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after buying an additional 982,955 shares during the period. 96.23% of the stock is owned by institutional investors.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services 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 transaction, the director owned 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.21% of the company's stock.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $81.29 on Thursday. The company's 50 day simple moving average is $79.62 and its two-hundred day simple moving average is $76.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The stock has a market capitalization of $42.71 billion, a PE ratio of 53.83, a P/E/G ratio of 1.53 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) 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. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $1.33 earnings per share. The firm's revenue was up 2.6% compared to the same quarter last year. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given 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 payout ratio is presently 105.96%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Truist Financial initiated coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They issued a "hold" rating and a $84.00 target price on the stock. UBS Group upped their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a report on Monday, April 21st. Royal Bank Of Canada lowered their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and increased their price target for the stock 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 given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.75.

Fidelity National Information Services Company 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.

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