Fidelity National Information Services, Inc. (NYSE:FIS) Position Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 222.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,757 shares of the information technology services provider's stock after purchasing an additional 71,576 shares during the period. Teacher Retirement System of Texas' holdings in Fidelity National Information Services were worth $7,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIS. Kennebec Savings Bank lifted its holdings 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 acquiring an additional 186 shares during the period. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth about $40,000. CoreCap Advisors LLC lifted its holdings in shares of Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of Fidelity National Information Services by 139.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after acquiring an additional 371 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Fidelity National Information Services by 34.3% during the 1st quarter. Pinnacle Bancorp Inc. now owns 685 shares of the information technology services provider's stock worth $51,000 after acquiring an additional 175 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIS has been the topic of several research reports. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price target for the company from $79.00 to $86.00 in a report on Monday, April 21st. Truist Financial assumed coverage on shares of Fidelity National Information Services in a research report on Monday, June 2nd. They issued a "hold" rating and a $84.00 price objective for the company. UBS Group increased their price objective 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. Stephens increased their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada lowered their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $90.75.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director owned 11,942 shares in the company, valued at $860,301.68. The trade was 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 through the SEC website. Company insiders own 0.21% of the company's stock.

Fidelity National Information Services Stock Performance

FIS stock traded down $0.44 during mid-day trading on Tuesday, reaching $80.40. The company had a trading volume of 776,811 shares, compared to its average volume of 3,354,427. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $42.24 billion, a P/E ratio of 53.25, a P/E/G ratio of 1.52 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The stock's 50-day simple moving average is $79.76 and its two-hundred day simple moving average is $76.90.

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 earnings per share 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 business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The company's revenue was up 2.6% on a year-over-year basis. Research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.99%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Fidelity National Information Services Company 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.