CenterBook Partners LP Has $2.87 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

CenterBook Partners LP lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 21.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,390 shares of the information technology services provider's stock after selling 10,467 shares during the quarter. CenterBook Partners LP's holdings in Fidelity National Information Services were worth $2,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FIS. Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity National Information Services during the 1st quarter valued at approximately $276,000. Brown Advisory Inc. increased its holdings in shares of Fidelity National Information Services by 16.7% during the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock valued at $24,594,000 after purchasing an additional 47,086 shares during the period. Brighton Jones LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter valued at $347,000. Compass Wealth Management LLC increased its holdings in shares of Fidelity National Information Services by 13.5% during the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock valued at $5,810,000 after purchasing an additional 9,251 shares during the period. Finally, Meritage Portfolio Management grew its holdings in Fidelity National Information Services by 43.9% during the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock worth $6,166,000 after acquiring an additional 25,203 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.5%

NYSE FIS traded down $0.42 on Friday, reaching $80.32. The company had a trading volume of 855,765 shares, compared to its average volume of 3,346,583. The stock's 50 day moving average is $80.06 and its 200-day moving average is $76.85. The stock has a market cap of $42.20 billion, a price-to-earnings ratio of 53.17 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98.

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, beating analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The firm's revenue was up 2.6% on a year-over-year basis. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on FIS. 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 report on Monday, April 21st. Oppenheimer raised 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. Truist Financial raised their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday. UBS Group raised their price objective on 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. Finally, Royal Bank Of Canada dropped their price target on 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of "Moderate Buy" and an average price target of $91.00.

Fidelity National Information Services 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.