Bremer Bank National Association Purchases 4,507 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Bremer Bank National Association boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,424 shares of the information technology services provider's stock after buying an additional 4,507 shares during the quarter. Bremer Bank National Association's holdings in Fidelity National Information Services were worth $4,512,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FIS. Norges Bank acquired a new stake in Fidelity National Information Services during the 4th quarter valued at $635,202,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $451,458,000. Arrowstreet Capital Limited Partnership grew its position in shares of Fidelity National Information Services by 100.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after purchasing an additional 1,616,146 shares during the last quarter. Capital Research Global Investors boosted its stake in Fidelity National Information Services by 3.8% in the 4th 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 period. Finally, Northern Trust Corp grew its holdings in Fidelity National Information Services by 16.5% in the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after buying an additional 982,955 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIS has been the topic of several research reports. Morgan Stanley decreased their price target on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their target price on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a research note on Wednesday, April 23rd. Finally, Truist Financial initiated coverage on Fidelity National Information Services in a research report on Monday. They set a "hold" rating and a $84.00 target price for the company. One 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $90.75.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.20% of the company's stock.

Fidelity National Information Services Price Performance

Shares of FIS traded up $0.28 during trading hours on Wednesday, reaching $80.42. The stock had a trading volume of 2,457,734 shares, compared to its average volume of 3,474,186. The stock has a market capitalization of $42.25 billion, a PE ratio of 30.81, a PEG ratio of 1.23 and a beta of 1.08. 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 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The company's 50-day moving average is $76.24 and its two-hundred day moving average is $77.57.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 earnings per share. Research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

Fidelity National Information Services Company 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.