Brown Advisory Inc. Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Brown Advisory Inc. increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 16.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,325 shares of the information technology services provider's stock after buying an additional 47,086 shares during the period. Brown Advisory Inc. owned about 0.06% of Fidelity National Information Services worth $24,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Oppenheimer & Co. Inc. acquired a new stake in shares of Fidelity National Information Services in the first quarter valued at about $276,000. Brighton Jones LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth approximately $347,000. Compass Wealth Management LLC raised its holdings in shares of Fidelity National Information Services by 13.5% during the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock valued at $5,810,000 after acquiring an additional 9,251 shares during the last quarter. DnB Asset Management AS lifted its position in shares of Fidelity National Information Services by 92.9% in the fourth quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider's stock valued at $14,905,000 after acquiring an additional 88,875 shares in the last quarter. Finally, Meritage Portfolio Management boosted its stake in shares of Fidelity National Information Services by 43.9% in the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock worth $6,166,000 after acquiring an additional 25,203 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 2.0%

Shares of Fidelity National Information Services stock traded down $1.58 during trading hours on Friday, hitting $78.64. The company's stock had a trading volume of 3,054,339 shares, compared to its average volume of 3,367,036. The stock has a market cap of $41.32 billion, a price-to-earnings ratio of 52.08, a P/E/G ratio of 1.49 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. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The firm has a fifty day moving average of $79.85 and a 200-day moving average of $76.91.

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

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.03%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank Of Canada reduced their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. UBS Group increased their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research report on Monday, April 21st. Truist Financial started coverage on shares of Fidelity National Information Services in a report on Monday, June 2nd. They issued a "hold" rating and a $84.00 price objective for the company. Finally, Stephens boosted their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the purchase, the director directly owned 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by insiders.

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.