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Fidelity National Information Services, Inc. $FIS Shares Acquired by Legal Advantage Investments Inc.

Fidelity National Information Services logo with Business Services background

Key Points

  • Legal Advantage Investments Inc. increased its stake in Fidelity National Information Services by 83.3%, acquiring an additional 7,000 shares during the first quarter, bringing its total holdings to 15,400 shares valued at $1,150,000.
  • Various hedge funds, including Sierra Ocean LLC and YANKCOM Partnership, significantly raised their positions in Fidelity National Information Services, showcasing growing institutional interest in the company.
  • Fidelity National Information Services reported a net margin of 1.09% and a year-over-year revenue increase of 5.1%, with earnings per share matching analysts' expectations at $1.36.
  • Looking to export and analyze Fidelity National Information Services data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Legal Advantage Investments Inc. boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 83.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,400 shares of the information technology services provider's stock after purchasing an additional 7,000 shares during the quarter. Legal Advantage Investments Inc.'s holdings in Fidelity National Information Services were worth $1,150,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors raised its holdings in Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after buying an additional 1,082,929 shares during the period. Goldman Sachs Group Inc. raised its holdings in Fidelity National Information Services by 4.1% during the 1st 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 during the period. Charles Schwab Investment Management Inc. raised its holdings in Fidelity National Information Services by 0.3% during the 1st 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 during the period. Invesco Ltd. raised its holdings in Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider's stock valued at $694,824,000 after buying an additional 1,730,878 shares during the period. Finally, Northern Trust Corp raised its holdings in Fidelity National Information Services by 16.5% during the 4th 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 during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

FIS stock traded down $0.70 during trading on Friday, hitting $70.88. 3,952,820 shares of the company traded hands, compared to its average volume of 3,554,587. The stock's 50-day simple moving average is $78.90 and its 200 day simple moving average is $76.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $37.03 billion, a PE ratio of 393.80 and a beta of 1.04. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. Fidelity National Information Services's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. On average, equities analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 888.89%.

Analysts Set New Price Targets

FIS has been the topic of several recent research reports. Stephens increased 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. UBS Group cut their price objective on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a research report on Wednesday, April 23rd. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, Robert W. Baird upped their price objective on 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus price target of $91.63.

Get Our Latest Stock Report on Fidelity National Information Services

Fidelity National Information Services Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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