Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Equitable Trust Co.

Key Points

• Equitable Trust Co. increased its holdings in Fidelity National Information Services by 6.7%, now owning approximately 206,008 shares valued at around $15.39 million.
• Fidelity National Information Services recently reported quarterly earnings of $1.21 EPS, surpassing analysts' expectations, with revenues of $2.53 billion, a 2.6% increase from the previous year.
• The company announced a quarterly dividend of $0.40 per share, representing an annualized payout of $1.60 and a dividend yield of 1.99%.

Equitable Trust Co. grew its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,008 shares of the information technology services provider's stock after buying an additional 12,881 shares during the period. Fidelity National Information Services accounts for 0.9% of Equitable Trust Co.'s holdings, making the stock its 27th biggest position. Equitable Trust Co.'s holdings in Fidelity National Information Services were worth $15,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sierra Ocean LLC lifted its position in Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 267 shares during the period. YANKCOM Partnership raised its stake in shares of Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after buying an additional 190 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after buying an additional 250 shares during the last quarter. Kennebec Savings Bank raised its stake in shares of Fidelity National Information Services by 71.3% during the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after buying an additional 186 shares during the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after buying an additional 509 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FIS shares. Royal Bank Of Canada reduced their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Truist Financial lifted their price objective 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 shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and an average price target of $91.00.

Fidelity National Information Services Price Performance

Shares of FIS stock traded up $0.25 on Tuesday, reaching $82.08. 811,774 shares of the company were exchanged, compared to its average volume of 3,544,697. 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 market cap of $43.12 billion, a price-to-earnings ratio of 54.36 and a beta of 1.06. 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 price of $80.38 and a 200 day moving average price of $76.89.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the company earned $1.33 EPS. Fidelity National Information Services's revenue was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.95%. Fidelity National Information Services's dividend payout ratio is presently 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.