Fluent Financial LLC grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 12.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,787 shares of the information technology services provider's stock after buying an additional 6,180 shares during the period. Fidelity National Information Services makes up 1.9% of Fluent Financial LLC's portfolio, making the stock its 13th largest position. Fluent Financial LLC's holdings in Fidelity National Information Services were worth $4,316,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Capital Research Global Investors increased its position 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 acquiring an additional 1,082,929 shares in the last quarter. Geode Capital Management LLC increased its holdings in Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after purchasing an additional 208,127 shares in the last quarter. Boston Partners raised its stake in shares of Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock valued at $968,326,000 after purchasing an additional 446,544 shares during the period. Norges Bank bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $635,202,000. Finally, Invesco Ltd. boosted its position 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 buying an additional 632,328 shares during the period. Institutional investors own 96.23% of the company's stock.
Fidelity National Information Services Stock Performance
FIS stock traded up $0.68 during mid-day trading on Friday, hitting $81.22. 2,450,857 shares of the company were exchanged, compared to its average volume of 3,461,923. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The business has a 50 day simple moving average of $76.49 and a 200-day simple moving average of $77.53. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $42.67 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08.
Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 17.30% and a net margin of 14.54%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.33 EPS. On average, equities analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.
Fidelity National Information Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.
Insider Transactions at Fidelity National Information Services
In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.20% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on FIS. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research note on Monday, April 21st. Truist Financial assumed coverage on shares of Fidelity National Information Services in a research report on Monday. They issued a "hold" rating and a $84.00 price objective on the stock. Robert W. Baird increased their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. Morgan Stanley decreased their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.75.
View Our Latest Stock Analysis on Fidelity National Information Services
About Fidelity National Information Services
(
Free Report)
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.
See Also
Before you consider Fidelity National Information Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fidelity National Information Services wasn't on the list.
While Fidelity National Information Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
