Zurcher Kantonalbank Zurich Cantonalbank Has $17.70 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Zurcher Kantonalbank has reduced its stake in Fidelity National Information Services by 47.5%, now holding 237,069 shares valued at approximately $17.7 million.
• Fidelity National Information Services reported quarterly earnings of $1.21 EPS, surpassing analyst expectations of $1.20, alongside a revenue of $2.53 billion.
• Analysts generally maintain a favorable outlook on the stock, with 13 buy ratings and a target price averaging around $91.00.

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 47.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,069 shares of the information technology services provider's stock after selling 214,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Fidelity National Information Services were worth $17,704,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors increased its position in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after buying an additional 1,082,929 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Fidelity National Information Services by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock valued at $1,052,819,000 after buying an additional 208,127 shares in the last quarter. Invesco Ltd. increased its position in shares of Fidelity National Information Services by 9.1% during the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after purchasing an additional 632,328 shares in the last quarter. Northern Trust Corp increased its position in shares of Fidelity National Information Services by 16.5% during the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock worth $559,399,000 after purchasing an additional 982,955 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Fidelity National Information Services by 4.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,203,963 shares of the information technology services provider's stock worth $463,312,000 after purchasing an additional 246,558 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of FIS traded down $1.26 during trading hours on Thursday, hitting $79.38. 2,869,981 shares of the company were exchanged, compared to its average volume of 2,024,983. The company has a market capitalization of $41.71 billion, a PE ratio of 52.57 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 firm has a fifty day simple moving average of $80.45 and a 200-day simple moving average of $76.96. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98.

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, topping the consensus estimate of $1.20 by $0.01. The business had revenue of $2.53 billion during 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%. Fidelity National Information Services's revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 earnings per share. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.0%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price target for the company from $79.00 to $86.00 in a research note on Monday, April 21st. TD Cowen raised 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 note on Monday, April 21st. Robert W. Baird increased their target price 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. UBS Group increased their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Stephens increased their target price on 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. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

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.