AustralianSuper Pty Ltd Makes New $795,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

AustralianSuper Pty Ltd bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,645 shares of the information technology services provider's stock, valued at approximately $795,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC raised its stake in Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after buying an additional 267 shares during the last quarter. YANKCOM Partnership increased its stake in 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 valued at $26,000 after purchasing an additional 190 shares in the last quarter. Kennebec Savings Bank increased its stake in Fidelity National Information Services by 71.3% in the first 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 in the last quarter. Wayfinding Financial LLC bought a new stake in Fidelity National Information Services in the first quarter valued at $43,000. Finally, CoreCap Advisors LLC increased its stake in Fidelity National Information Services by 877.6% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Analysts Set New Price Targets

FIS has been the subject of several research analyst reports. Robert W. Baird lifted their price target 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, July 16th. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a research report on Wednesday, April 23rd. Truist Financial boosted their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Stephens boosted their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, UBS Group boosted their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.00.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $1.32 during trading on Tuesday, reaching $81.40. The company had a trading volume of 753,393 shares, compared to its average volume of 3,336,095. The company has a fifty day moving average of $80.10 and a two-hundred day moving average of $76.80. The stock has a market capitalization of $42.77 billion, a P/E ratio of 53.91 and a beta of 1.06. 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 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared 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 currently 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.