Massachusetts Financial Services Co. MA Raises Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Massachusetts Financial Services Co. MA increased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,203,963 shares of the information technology services provider's stock after purchasing an additional 246,558 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.17% of Fidelity National Information Services worth $463,312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new stake in Fidelity National Information Services in the first quarter worth approximately $276,000. Brighton Jones LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth $347,000. Compass Wealth Management LLC boosted its stake in shares of Fidelity National Information Services by 13.5% during the 1st quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock worth $5,810,000 after acquiring an additional 9,251 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Fidelity National Information Services by 16.7% during the 1st quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock worth $24,594,000 after acquiring an additional 47,086 shares during the last quarter. Finally, DnB Asset Management AS boosted its stake in shares of Fidelity National Information Services by 92.9% during the 4th quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider's stock worth $14,905,000 after acquiring an additional 88,875 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Up 1.1%

Shares of FIS stock opened at $79.50 on Tuesday. The stock has a market cap of $41.77 billion, a P/E ratio of 52.65 and a beta of 1.06. 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 quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The company's fifty day simple moving average is $79.87 and its two-hundred day simple moving average is $76.82.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced 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. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's payout ratio is currently 105.96%.

Wall Street Analysts Forecast Growth

FIS has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. 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 research note on Wednesday, April 23rd. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research note on Monday, April 21st. Finally, Truist Financial began coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They set a "hold" rating and a $84.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus price target of $90.75.

About Fidelity National Information Services

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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