Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Fidelity National Information Services by 113.9%, owning 78,126 shares worth approximately $5.83 million after acquiring an additional 41,599 shares.
• Multiple hedge funds reported significant increases in their holdings of Fidelity National Information Services, with institutional investors now owning 96.23% of the company's stock.
• Fidelity National Information Services has announced a quarterly dividend of $0.40 per share to be paid on September 24th, representing an annualized yield of 2.2%.

Vestmark Advisory Solutions Inc. lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 113.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,126 shares of the information technology services provider's stock after buying an additional 41,599 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Fidelity National Information Services were worth $5,834,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC grew its holdings in shares of Fidelity National Information Services by 356.0% in 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 in the last quarter. YANKCOM Partnership boosted its position in Fidelity National Information Services by 118.8% in 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 period. Meeder Asset Management Inc. grew its stake in shares of Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 164 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares during the period. Finally, Kennebec Savings Bank raised its stake in shares of Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Wall Street Analyst Weigh In

FIS has been the topic of a number of analyst reports. Robert W. Baird increased their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Truist Financial lifted their price target 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. Stephens boosted their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. 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 on the stock in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $71.66 on Friday. The stock's 50-day moving average price is $79.10 and its 200 day moving average price is $76.52. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $37.44 billion, a PE ratio of 398.16 and a beta of 1.04. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given 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 2.2%. Fidelity National Information Services's dividend payout ratio is presently 888.89%.

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.

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