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21,861 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Bought by Banque Cantonale Vaudoise

Fidelity National Information Services logo with Business Services background

Key Points

  • Banque Cantonale Vaudoise has invested approximately $1.63 million in Fidelity National Information Services, acquiring 21,861 shares in the first quarter.
  • Several analysts have upgraded their price targets for Fidelity National Information Services, with UBS now at $84.00 and Citigroup at $86.00, indicating a generally positive outlook.
  • Fidelity National Information Services reported earnings of $1.21 per share for the latest quarter, slightly exceeding analysts' expectations, with revenue growth of 2.6% year-over-year.
  • Looking to Export and Analyze Fidelity National Information Services Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Banque Cantonale Vaudoise bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,861 shares of the information technology services provider's stock, valued at approximately $1,633,000.

A number of other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC lifted its position in shares of Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 267 shares in the last quarter. YANKCOM Partnership lifted its stake in shares of Fidelity National Information Services by 118.8% in the 1st 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 during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 164 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after buying an additional 250 shares during the period. Finally, Kennebec Savings Bank grew its position in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 186 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

FIS stock traded up $0.78 on Monday, reaching $79.14. The company had a trading volume of 1,401,049 shares, compared to its average volume of 3,514,952. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a market cap of $41.58 billion, a P/E ratio of 52.39 and a beta of 1.04. The company's fifty day moving average is $80.46 and its 200 day moving average is $76.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FIS shares. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their target price for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Stephens upped their target price on 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. TD Cowen upgraded 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 note on Monday, April 21st. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, UBS Group raised their price target on shares of 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.00.

View Our Latest Report on Fidelity National Information Services

Fidelity National Information Services Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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