KLP Kapitalforvaltning AS Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

KLP Kapitalforvaltning AS increased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,867 shares of the information technology services provider's stock after purchasing an additional 10,200 shares during the period. KLP Kapitalforvaltning AS's holdings in Fidelity National Information Services were worth $15,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC lifted its holdings in shares of Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. YANKCOM Partnership lifted its holdings in shares of Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Kennebec Savings Bank lifted its holdings in shares of Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 186 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Fidelity National Information Services during the first quarter valued at $43,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS traded up $1.51 during trading on Friday, hitting $81.92. 2,694,227 shares of the company's stock were exchanged, compared to its average volume of 2,280,698. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The business's 50-day simple moving average is $80.36 and its 200 day simple moving average is $76.88. The company has a market cap of $43.04 billion, a price-to-earnings ratio of 54.25 and a beta of 1.06.

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 (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the business posted $1.33 earnings per share. The firm's revenue was up 2.6% on a year-over-year basis. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FIS shares. Robert W. Baird upped their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. 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 report on Monday, April 21st. Royal Bank Of Canada lowered their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a report on Wednesday, April 23rd. Finally, Truist Financial increased their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

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.