Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Balefire LLC

Balefire LLC lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 62.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,843 shares of the information technology services provider's stock after acquiring an additional 20,259 shares during the period. Fidelity National Information Services accounts for approximately 1.4% of Balefire LLC's portfolio, making the stock its 16th biggest position. Balefire LLC's holdings in Fidelity National Information Services were worth $3,946,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the fourth quarter valued at $347,000. Atria Wealth Solutions Inc. lifted its position in Fidelity National Information Services by 14.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 7,928 shares of the information technology services provider's stock valued at $640,000 after buying an additional 1,022 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in Fidelity National Information Services by 13.8% during the fourth quarter. Wealthspire Advisors LLC now owns 5,438 shares of the information technology services provider's stock worth $439,000 after buying an additional 658 shares during the period. Howard Capital Management Inc. increased its position in shares of Fidelity National Information Services by 7.6% during the fourth quarter. Howard Capital Management Inc. now owns 3,791 shares of the information technology services provider's stock valued at $306,000 after acquiring an additional 267 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Fidelity National Information Services by 5.4% in the 4th quarter. IFP Advisors Inc now owns 5,258 shares of the information technology services provider's stock valued at $425,000 after acquiring an additional 271 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in 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 price objective for the company in a research report on Monday, April 21st. 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 objective for the company. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research note on Wednesday, April 23rd. UBS Group lifted their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird raised their price objective 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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.75.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director now owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Down 0.8%

Shares of FIS traded down $0.63 during mid-day trading on Thursday, reaching $80.10. The company's stock had a trading volume of 4,049,709 shares, compared to its average volume of 3,360,863. The company's 50 day moving average is $79.18 and its 200 day moving average is $77.09. The stock has a market cap of $42.08 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 1.53 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 debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm's revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 earnings per share. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 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.