Czech National Bank Grows Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Czech National Bank raised its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,662 shares of the information technology services provider's stock after buying an additional 4,936 shares during the period. Czech National Bank's holdings in Fidelity National Information Services were worth $9,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIS. Norges Bank bought a new position in Fidelity National Information Services during the 4th quarter worth approximately $635,202,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $451,458,000. Arrowstreet Capital Limited Partnership grew its holdings 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 worth $261,037,000 after purchasing an additional 1,616,146 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after buying an additional 1,082,929 shares during the period. Finally, Northern Trust Corp raised its holdings in Fidelity National Information Services by 16.5% during 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 during the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded up $0.28 during trading hours on Wednesday, reaching $80.42. 2,457,734 shares of the stock traded hands, compared to its average volume of 3,474,186. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The firm has a market capitalization of $42.25 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 1.23 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $76.24 and a 200 day moving average price of $77.57.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $1.33 earnings per share. The firm's revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's payout ratio is 105.96%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Morgan Stanley cut 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 report on Wednesday, February 12th. Susquehanna cut Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their target price for the stock from $103.00 to $81.00 in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Truist Financial initiated coverage on Fidelity National Information Services in a report on Monday. They issued a "hold" rating and a $84.00 price objective for the company. Finally, Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their target price for the company from $79.00 to $86.00 in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.75.

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.