Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC boosted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 522.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,038 shares of the information technology services provider's stock after buying an additional 21,015 shares during the period. Crestwood Advisors Group LLC's holdings in Fidelity National Information Services were worth $1,870,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC boosted its position in shares of Fidelity National Information Services by 3.7% in the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock valued at $309,000 after purchasing an additional 146 shares during the period. Stonebrook Private Inc. boosted its position in Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after acquiring an additional 146 shares during the period. Integrated Advisors Network LLC boosted its position in Fidelity National Information Services by 4.7% during the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after acquiring an additional 147 shares during the period. Private Trust Co. NA boosted its position in Fidelity National Information Services by 9.9% during the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock worth $124,000 after acquiring an additional 149 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Fidelity National Information Services by 8.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after acquiring an additional 153 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 0.3%

NYSE FIS opened at $80.12 on Tuesday. The company has a market cap of $42.10 billion, a price-to-earnings ratio of 53.06 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The business's fifty day moving average is $80.10 and its 200 day moving average is $76.80. 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 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. 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 return on equity of 18.15% and a net margin of 8.10%. The firm's revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.00%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FIS shares. Truist Financial lifted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Stephens lifted their price objective 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. Robert W. Baird boosted their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada decreased their price target 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. Finally, TD Cowen raised 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 note on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $91.00.

About Fidelity National Information Services

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.

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