Wealthfront Advisers LLC Boosts Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Wealthfront Advisers LLC lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 27.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,269 shares of the information technology services provider's stock after buying an additional 5,634 shares during the quarter. Wealthfront Advisers LLC's holdings in Fidelity National Information Services were worth $1,962,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Norges Bank bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $635,202,000. Arrowstreet Capital Limited Partnership grew its holdings in Fidelity National Information Services by 100.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock worth $261,037,000 after buying an additional 1,616,146 shares in the last quarter. Capital Research Global Investors grew its holdings in Fidelity National Information Services by 3.8% in the 4th 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 buying an additional 1,082,929 shares in the last quarter. Northern Trust Corp lifted its position in Fidelity National Information Services by 16.5% in 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 during the period. Finally, GAMMA Investing LLC lifted its position in Fidelity National Information Services by 6,171.5% in 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 during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FIS shares. UBS Group lifted their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Truist Financial raised their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research note on Monday, April 21st. Robert W. Baird raised their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Stephens lifted their target price 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. 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 target price of $91.00.

Fidelity National Information Services Trading Down 0.5%

Shares of Fidelity National Information Services stock traded down $0.43 during trading on Friday, reaching $80.31. The company's stock had a trading volume of 2,382,447 shares, compared to its average volume of 3,354,435. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a market cap of $42.19 billion, a price-to-earnings ratio of 53.19 and a beta of 1.06. The firm's 50-day moving average is $80.10 and its two-hundred day moving average is $76.85. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS 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 analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 EPS. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's payout ratio is presently 105.96%.

Fidelity National Information Services 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.