Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 86.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,147 shares of the information technology services provider's stock after buying an additional 18,169 shares during the period. Central Pacific Bank Trust Division's holdings in Fidelity National Information Services were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Insight Wealth Strategies LLC boosted its stake in shares of Fidelity National Information Services by 2.1% in the 1st quarter. Insight Wealth Strategies LLC now owns 29,767 shares of the information technology services provider's stock worth $2,223,000 after buying an additional 621 shares during the last quarter. Penbrook Management LLC boosted its stake in shares of Fidelity National Information Services by 4.8% in the 1st quarter. Penbrook Management LLC now owns 4,324 shares of the information technology services provider's stock worth $323,000 after buying an additional 200 shares during the last quarter. Cullen Investment Group LTD. boosted its stake in shares of Fidelity National Information Services by 24.2% in the 1st quarter. Cullen Investment Group LTD. now owns 52,943 shares of the information technology services provider's stock worth $3,954,000 after buying an additional 10,331 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Fidelity National Information Services by 8.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after buying an additional 153 shares during the last quarter. Finally, Avant Financial Advisors LLC purchased a new position in Fidelity National Information Services during the fourth quarter valued at $602,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FIS has been the topic of several analyst reports. Robert W. Baird lifted their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 4th. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. William Blair reiterated an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada lowered their target price 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, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.11.

Fidelity National Information Services Stock Up 1.5%

Shares of FIS stock traded up $1.21 during trading hours on Friday, reaching $79.48. 5,576,856 shares of the company's stock were exchanged, compared to its average volume of 3,470,998. The stock's 50 day moving average is $76.05 and its 200-day moving average is $77.76. The company has a market cap of $41.76 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 1.23 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

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

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the business's stock in a transaction 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 transaction, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

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.