Invesco Ltd. Increases Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Invesco Ltd. increased its position in Fidelity National Information Services, owning 9,304,011 shares after a 22.9% growth in the first quarter.
• Fidelity National Information Services posted a revenue of $2.62 billion in its latest earnings report, surpassing analysts' estimates of $2.57 billion.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized dividend of $1.60 and a yield of 2.2%.

Invesco Ltd. grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 22.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,304,011 shares of the information technology services provider's stock after buying an additional 1,730,878 shares during the period. Invesco Ltd. owned 1.77% of Fidelity National Information Services worth $694,824,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Fidelity National Information Services by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider's stock valued at $800,032,000 after buying an additional 419,199 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Information Services by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider's stock valued at $755,928,000 after buying an additional 31,626 shares in the last quarter. Northern Trust Corp increased its holdings in Fidelity National Information Services by 16.5% in the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after buying an additional 982,955 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Fidelity National Information Services by 4.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,203,963 shares of the information technology services provider's stock valued at $463,312,000 after buying an additional 246,558 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Stephens increased their price target 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. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and increased their price target for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, UBS Group lowered their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $71.12 on Friday. The company's fifty day simple moving average is $79.78 and its 200-day simple moving average is $76.73. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a current ratio of 0.59, a quick ratio of 0.63 and a debt-to-equity ratio of 0.63. The company has a market cap of $37.15 billion, a PE ratio of 395.13 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts' consensus estimates of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm posted $1.36 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed 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 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

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.

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