Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 9.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 432,518 shares of the information technology services provider's stock after purchasing an additional 37,509 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Fidelity National Information Services worth $32,300,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FIS. Brighton Jones LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth about $347,000. Teacher Retirement System of Texas grew its position in shares of Fidelity National Information Services by 763.9% during the fourth quarter. Teacher Retirement System of Texas now owns 32,181 shares of the information technology services provider's stock worth $2,599,000 after buying an additional 28,456 shares in the last quarter. LPL Financial LLC increased its stake in shares of Fidelity National Information Services by 0.5% during the fourth quarter. LPL Financial LLC now owns 216,823 shares of the information technology services provider's stock worth $17,513,000 after buying an additional 1,001 shares during the period. TIAA Trust National Association raised its holdings in Fidelity National Information Services by 2.2% in the fourth quarter. TIAA Trust National Association now owns 12,040 shares of the information technology services provider's stock valued at $972,000 after acquiring an additional 254 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in Fidelity National Information Services by 68.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 41,096 shares of the information technology services provider's stock worth $3,319,000 after acquiring an additional 16,686 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

FIS traded up $1.51 on Friday, hitting $81.92. 2,694,227 shares of the company traded hands, compared to its average volume of 2,280,698. The company has a 50 day moving average of $80.36 and a 200-day moving average of $76.88. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The stock has a market capitalization of $43.04 billion, a PE ratio of 54.25 and a beta of 1.06. 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 released its quarterly 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. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The company's quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a $0.40 dividend. 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 payout ratio is 105.96%.

Analyst Ratings Changes

A number of equities research analysts have commented on FIS shares. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research report on Monday, April 21st. UBS Group increased their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Robert W. Baird lifted their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the stock 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 objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, Truist Financial raised their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average target price 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.