Equity Investment Corp Takes Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Equity Investment Corp acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,030 shares of the information technology services provider's stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Retirement Wealth Solutions LLC raised its position in Fidelity National Information Services by 3.7% during the first quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock valued at $309,000 after acquiring an additional 146 shares in the last quarter. Stonebrook Private Inc. increased its stake in shares of Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after purchasing an additional 146 shares during the last quarter. Integrated Advisors Network LLC raised its holdings in shares of Fidelity National Information Services by 4.7% during the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock valued at $245,000 after purchasing an additional 147 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Fidelity National Information Services by 9.9% in the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock valued at $124,000 after purchasing an additional 149 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Fidelity National Information Services by 8.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after purchasing an additional 153 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

FIS traded up $0.67 during midday trading on Wednesday, hitting $79.37. The company had a trading volume of 2,502,913 shares, compared to its average volume of 3,355,851. 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 market capitalization of $41.70 billion, a PE ratio of 52.57 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 firm's 50-day simple moving average is $79.93 and its 200-day simple moving average is $76.83.

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 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FIS shares. Stephens boosted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Monday, April 21st. Truist Financial initiated coverage on Fidelity National Information Services in a research report on Monday, June 2nd. They set a "hold" rating and a $84.00 target price for the company. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price target for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, Robert W. Baird raised their target price 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $90.95.

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.