Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 28.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,338 shares of the information technology services provider's stock after purchasing an additional 39,958 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Fidelity National Information Services were worth $13,468,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $347,000. Principal Securities Inc. lifted its holdings in shares of Fidelity National Information Services by 16.7% in the 4th quarter. Principal Securities Inc. now owns 14,820 shares of the information technology services provider's stock valued at $1,197,000 after buying an additional 2,121 shares during the period. Allworth Financial LP boosted its stake in shares of Fidelity National Information Services by 19.1% in the fourth quarter. Allworth Financial LP now owns 2,654 shares of the information technology services provider's stock worth $208,000 after buying an additional 425 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Fidelity National Information Services by 8.7% during the fourth quarter. D.A. Davidson & CO. now owns 79,989 shares of the information technology services provider's stock worth $6,461,000 after acquiring an additional 6,404 shares during the period. Finally, Venturi Wealth Management LLC raised its position in Fidelity National Information Services by 221.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,279 shares of the information technology services provider's stock valued at $103,000 after acquiring an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director now owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIS. Truist Financial started coverage on shares of Fidelity National Information Services in a report on Monday, June 2nd. They set a "hold" rating and a $84.00 target price for the company. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a report on Wednesday, April 23rd. Stephens increased their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. 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 report on Monday, April 21st. Finally, UBS Group upped their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $90.75.

Fidelity National Information Services Price Performance

FIS traded down $0.34 on Friday, reaching $80.10. 4,368,892 shares of the company's stock were exchanged, compared to its average volume of 3,414,546. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The stock has a market cap of $42.09 billion, a PE ratio of 53.05, a P/E/G ratio of 1.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. The stock's fifty day moving average price is $78.35 and its 200-day moving average price is $77.21.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion for 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 business's revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $1.33 EPS. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) 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.