Diamond Hill Capital Management Inc. Has $41.22 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Diamond Hill Capital Management Inc. grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 16.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551,955 shares of the information technology services provider's stock after purchasing an additional 79,844 shares during the period. Diamond Hill Capital Management Inc. owned about 0.10% of Fidelity National Information Services worth $41,220,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FIS. Capital Research Global Investors lifted its position in shares of Fidelity National Information Services by 3.8% in the 4th 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 acquiring an additional 1,082,929 shares during the period. Geode Capital Management LLC boosted its stake in shares of Fidelity National Information Services by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock valued at $1,052,819,000 after purchasing an additional 208,127 shares in the last quarter. Norges Bank bought a new stake in Fidelity National Information Services during the fourth quarter worth about $635,202,000. Invesco Ltd. grew its position in Fidelity National Information Services by 9.1% during the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after acquiring an additional 632,328 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Fidelity National Information Services by 16.5% in the fourth 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 in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 1.3%

FIS traded down $1.09 during mid-day trading on Thursday, hitting $80.49. The stock had a trading volume of 2,276,501 shares, compared to its average volume of 2,369,358. The stock's fifty day simple moving average is $80.32 and its 200-day simple moving average is $76.87. The firm has a market capitalization of $42.29 billion, a price-to-earnings ratio of 53.31 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63.

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. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. As a group, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Analyst Ratings Changes

Several research firms recently weighed in on FIS. TD Cowen upgraded shares of 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. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their target price for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Truist Financial upped their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Robert W. Baird lifted their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, UBS Group boosted their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.