Assetmark Inc. Has $5.68 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Assetmark Inc. raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 9.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 75,987 shares of the information technology services provider's stock after acquiring an additional 6,553 shares during the period. Assetmark Inc.'s holdings in Fidelity National Information Services were worth $5,675,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC raised its stake in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 267 shares in the last quarter. 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 worth $26,000 after purchasing an additional 190 shares in 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 worth $29,000 after purchasing an additional 250 shares in 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 worth $33,000 after purchasing an additional 186 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Fidelity National Information Services during the 1st quarter worth approximately $43,000. Institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FIS. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Royal Bank Of Canada dropped their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird upped their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target on the stock in a research note on Wednesday, April 23rd. Finally, Truist Financial increased their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.00.

Fidelity National Information Services Stock Performance

FIS stock traded down $0.14 during trading hours on Tuesday, hitting $81.69. 1,829,120 shares of the stock were exchanged, compared to its average volume of 2,159,586. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $42.92 billion, a P/E ratio of 54.10 and a beta of 1.06. The company has a 50-day simple moving average of $80.38 and a two-hundred day simple moving average of $76.89. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 EPS. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 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.