Jupiter Asset Management Ltd. Reduces Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Jupiter Asset Management Ltd. reduced its stake in Fidelity National Information Services, Inc. by 0.9%, now holding approximately 1.1 million shares worth $83 million.
• Fidelity National Information Services reported $1.21 EPS for the last quarter, slightly surpassing analysts' expectations of $1.20, with revenues growing 2.6% year-over-year to $2.53 billion.
• The company announced a quarterly dividend of $0.40 per share, representing a 2.0% yield, despite having a payout ratio exceeding 105%.

Jupiter Asset Management Ltd. reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,111,417 shares of the information technology services provider's stock after selling 9,832 shares during the period. Fidelity National Information Services comprises 0.8% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 19th biggest position. Jupiter Asset Management Ltd. owned approximately 0.21% of Fidelity National Information Services worth $83,001,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FIS. Oppenheimer & Co. Inc. acquired a new stake in shares of Fidelity National Information Services during the first quarter valued at $276,000. Brown Advisory Inc. boosted its stake in shares of Fidelity National Information Services by 16.7% during the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock valued at $24,594,000 after acquiring an additional 47,086 shares during the last quarter. Brighton Jones LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at $347,000. Compass Wealth Management LLC raised its holdings in Fidelity National Information Services by 13.5% in the 1st quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock valued at $5,810,000 after acquiring an additional 9,251 shares during the last quarter. Finally, Meritage Portfolio Management raised its holdings in Fidelity National Information Services by 43.9% in the 1st quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock valued at $6,166,000 after acquiring an additional 25,203 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $78.35 on Friday. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The firm has a fifty day moving average of $80.46 and a 200-day moving average of $76.96. The firm has a market capitalization of $41.17 billion, a P/E ratio of 51.89 and a beta of 1.04. 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 data 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 net margin of 8.10% and a return on equity of 18.15%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The business's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's payout ratio is presently 105.96%.

Wall Street Analysts Forecast Growth

FIS has been the subject of several analyst reports. Truist Financial boosted their price target 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. Stephens boosted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Monday, April 21st. UBS Group boosted their price target 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. Finally, Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and an average target price 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.

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