Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Czech National Bank

Czech National Bank boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,662 shares of the information technology services provider's stock after purchasing an additional 4,936 shares during the quarter. 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 hedge funds also recently bought and sold shares of FIS. R Squared Ltd purchased a new position in Fidelity National Information Services during the fourth quarter worth approximately $30,000. OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the fourth quarter worth approximately $40,000. CoreCap Advisors LLC boosted its position in 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 purchasing an additional 509 shares in the last quarter. Avion Wealth boosted its position in Fidelity National Information Services by 503.0% during the fourth quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after purchasing an additional 508 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in Fidelity National Information Services by 139.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after purchasing an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $0.68 during midday trading on Friday, hitting $81.22. The company had a trading volume of 2,450,857 shares, compared to its average volume of 3,465,714. 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 debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $42.67 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The business's 50-day simple moving average is $76.62 and its 200-day simple moving average is $77.50.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. On average, research 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 announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.97%. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Analyst Upgrades and Downgrades

FIS has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, April 4th. Wells Fargo & Company decreased their target price on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley decreased their target price on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Truist Financial began coverage on Fidelity National Information Services in a research report on Monday. They issued a "hold" rating and a $84.00 target price on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price of $90.75.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was bought at an average price 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.