Financial Counselors Inc. Purchases 49,474 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Financial Counselors Inc. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 66.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,430 shares of the information technology services provider's stock after buying an additional 49,474 shares during the quarter. Financial Counselors Inc.'s holdings in Fidelity National Information Services were worth $9,218,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity National Information Services during the first quarter valued at approximately $276,000. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the fourth quarter worth $347,000. Compass Wealth Management LLC grew its stake in Fidelity National Information Services by 13.5% in the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock worth $5,810,000 after purchasing an additional 9,251 shares during the period. DnB Asset Management AS grew its stake in Fidelity National Information Services by 92.9% in the fourth quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider's stock worth $14,905,000 after purchasing an additional 88,875 shares during the period. Finally, Meritage Portfolio Management grew its stake in Fidelity National Information Services by 43.9% in the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock worth $6,166,000 after purchasing an additional 25,203 shares during the period. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

NYSE FIS traded down $1.58 during trading on Friday, hitting $78.64. 3,054,339 shares of the stock traded hands, compared to its average volume of 3,367,036. The company has a market capitalization of $41.32 billion, a P/E ratio of 52.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. The firm has a 50-day simple moving average of $79.85 and a 200-day simple moving average of $76.91. 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, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98.

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 earnings per share for the quarter, beating 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%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's payout ratio is currently 105.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FIS shares. Robert W. Baird increased their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. TD Cowen raised 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. Truist Financial began coverage on Fidelity National Information Services in a research report on Monday, June 2nd. They set a "hold" rating and a $84.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Stephens increased their price objective on 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.75.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

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.