35,307 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS acquired 35,307 shares of Fidelity National Information Services, Inc. (NYSE:FIS) worth approximately $2,637,000 in the first quarter, according to its recent SEC filing.
• Fidelity National Information Services reported an EPS of $1.21 for the latest quarter, exceeding estimates, with revenue of $2.53 billion, reflecting a year-over-year growth of 2.6%.
• Analysts have adjusted their price targets for FIS, with an average target of $91.00, indicating a consensus rating of "Moderate Buy".

Caliber Wealth Management LLC KS purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 35,307 shares of the information technology services provider's stock, valued at approximately $2,637,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC increased its stake in 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 purchasing an additional 267 shares during the last quarter. YANKCOM Partnership grew its position in shares of Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Kennebec Savings Bank grew its position in shares of Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 186 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in shares of Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $1.51 during midday trading on Friday, hitting $81.92. 2,694,227 shares of the stock were exchanged, compared to its average volume of 2,280,698. The stock has a market cap of $43.04 billion, a P/E ratio of 54.25 and a beta of 1.06. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a 50 day moving average price of $80.36 and a 200-day moving average price of $76.88.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted 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 firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business 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 announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's payout ratio is currently 105.96%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FIS shares. Truist Financial raised their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Royal Bank Of Canada lowered their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Stephens raised their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating 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 on the stock 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 lifted their price objective for the company from $79.00 to $86.00 in a research report on Monday, April 21st. One investment 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $91.00.

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.