DekaBank Deutsche Girozentrale Sells 17,988 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

DekaBank Deutsche Girozentrale lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 8.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,025 shares of the information technology services provider's stock after selling 17,988 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Fidelity National Information Services were worth $14,391,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FIS. Norges Bank bought a new stake in Fidelity National Information Services during the 4th quarter valued at $635,202,000. Arrowstreet Capital Limited Partnership increased its stake in Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after purchasing an additional 1,616,146 shares in the last quarter. Capital Research Global Investors increased its stake in Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Northern Trust Corp increased its stake 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 purchasing an additional 982,955 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Fidelity National Information Services by 6,171.5% during the 1st quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock valued at $61,973,000 after purchasing an additional 816,612 shares in the last quarter. Institutional investors own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director directly owned 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on FIS. Stephens upped 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 note on Wednesday, May 7th. Truist Financial began coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They issued a "hold" rating and a $84.00 target price for the company. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their target price for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird upped their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. Finally, UBS Group upped their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Fidelity National Information Services Stock Performance

NYSE FIS traded down $1.58 during trading on Friday, hitting $78.64. 3,054,339 shares of the company's stock traded hands, compared to its average volume of 3,367,036. The stock has a market capitalization of $41.32 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 1.49 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50 day moving average of $79.86 and a 200-day moving average of $76.93.

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 the consensus estimate of $1.20 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. As a group, equities research analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

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.