Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Key Points

• Empirical Financial Services LLC increased its position in Fidelity National Information Services by 515% to own 20,313 shares valued at $1.52 million.
• Fidelity National Information Services reported a quarterly earnings per share of $1.21, exceeding analysts' expectations, along with a revenue of $2.53 billion.
• The company recently announced a quarterly dividend of $0.40, resulting in an annual yield of 2.0%, despite a payout ratio of 105.96%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 515.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,313 shares of the information technology services provider's stock after acquiring an additional 17,010 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Fidelity National Information Services were worth $1,517,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Research Global Investors increased its stake in shares of Fidelity National Information Services by 3.8% during 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 purchasing an additional 1,082,929 shares in the last quarter. Northern Trust Corp increased its stake in shares of Fidelity National Information Services by 16.5% during the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock worth $559,399,000 after purchasing an additional 982,955 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Fidelity National Information Services by 6,171.5% during the first quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock worth $61,973,000 after purchasing an additional 816,612 shares in the last quarter. Invesco Ltd. increased its stake in shares of Fidelity National Information Services by 9.1% during the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after purchasing an additional 632,328 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Fidelity National Information Services by 51.2% during the fourth quarter. Ameriprise Financial Inc. now owns 1,376,900 shares of the information technology services provider's stock worth $111,215,000 after purchasing an additional 466,246 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of research reports. Truist Financial boosted their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Stephens upped their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. UBS Group dropped their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, TD Cowen raised 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 note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.70.

Fidelity National Information Services Trading Down 2.9%

Shares of NYSE:FIS traded down $2.11 during mid-day trading on Wednesday, reaching $70.11. 4,166,227 shares of the company were exchanged, compared to its average volume of 3,584,779. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $36.84 billion, a price-to-earnings ratio of 46.38 and a beta of 1.04. The firm's 50-day simple moving average is $80.31 and its 200 day simple moving average is $76.90. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting analysts' consensus estimates of $1.36. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 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 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.36 EPS. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. Fidelity National Information Services's dividend payout ratio is 105.96%.

About Fidelity National Information Services

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.