Bank OZK Buys 4,213 Shares of Fidelity National Information Services, Inc. $FIS

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Bank OZK boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 20.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,137 shares of the information technology services provider's stock after purchasing an additional 4,213 shares during the period. Bank OZK's holdings in Fidelity National Information Services were worth $1,877,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC grew its position in Fidelity National Information Services by 3.7% in the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock worth $309,000 after purchasing an additional 146 shares during the period. Stonebrook Private Inc. boosted its stake in shares of Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after acquiring an additional 146 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in shares of Fidelity National Information Services by 4.7% during the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after acquiring an additional 147 shares during the last quarter. Private Trust Co. NA grew its position in shares of Fidelity National Information Services by 9.9% during the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock valued at $124,000 after acquiring an additional 149 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Fidelity National Information Services by 8.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock valued at $150,000 after acquiring an additional 153 shares during the period. Institutional investors own 96.23% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FIS. Stephens boosted their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research report on Wednesday, April 23rd. 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. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Finally, UBS Group cut their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.63.

Fidelity National Information Services Stock Down 1.4%

Shares of FIS stock opened at $69.81 on Tuesday. The stock has a market cap of $36.47 billion, a P/E ratio of 387.84 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The company's fifty day simple moving average is $78.66 and its two-hundred day simple moving average is $76.30.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, hitting the consensus estimate of $1.36. The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. Analysts predict 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 will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.3%. Fidelity National Information Services's payout ratio is presently 888.89%.

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.

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