Balefire LLC Buys 20,259 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Research Global Investors increased its holdings in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Fidelity National Information Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock valued at $1,052,819,000 after acquiring an additional 208,127 shares during the period. Boston Partners boosted its position in shares of Fidelity National Information Services by 3.9% in the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after acquiring an additional 446,544 shares during the period. Norges Bank bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $635,202,000. Finally, Invesco Ltd. boosted its position in shares of Fidelity National Information Services by 9.1% in the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock valued at $611,682,000 after acquiring an additional 632,328 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIS. Truist Financial initiated coverage on shares of Fidelity National Information Services in a research report on Monday, June 2nd. They set a "hold" rating and a $84.00 price objective for the company. Stephens lifted 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. Royal Bank Of Canada lowered their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. TD Cowen upgraded 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. Finally, Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Fidelity National Information Services Trading Up 1.1%

Shares of FIS stock traded up $0.90 during trading hours on Friday, hitting $80.90. 4,300,733 shares of the company were exchanged, compared to its average volume of 3,361,075. The firm has a market cap of $42.51 billion, a P/E ratio of 53.58, a P/E/G ratio of 1.50 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two 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 company has a 50 day simple moving average of $79.42 and a two-hundred day simple moving average of $76.92.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $1.33 EPS. Fidelity National Information Services's revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.98%. The ex-dividend date was Tuesday, June 10th. 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.