MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Raises Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 74.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,016 shares of the information technology services provider's stock after buying an additional 65,073 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Fidelity National Information Services were worth $11,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its position in shares of Fidelity National Information Services by 28.7% during the 1st quarter. Sound Income Strategies LLC now owns 780 shares of the information technology services provider's stock valued at $58,000 after buying an additional 174 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Fidelity National Information Services by 17.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,255 shares of the information technology services provider's stock worth $392,000 after purchasing an additional 773 shares in the last quarter. RMR Wealth Builders lifted its holdings in Fidelity National Information Services by 29.3% during the 1st quarter. RMR Wealth Builders now owns 21,140 shares of the information technology services provider's stock worth $1,579,000 after purchasing an additional 4,796 shares in the last quarter. CX Institutional lifted its holdings in Fidelity National Information Services by 12.8% during the 1st quarter. CX Institutional now owns 6,177 shares of the information technology services provider's stock worth $461,000 after purchasing an additional 700 shares in the last quarter. Finally, MV Capital Management Inc. lifted its holdings in Fidelity National Information Services by 34.1% during the 1st quarter. MV Capital Management Inc. now owns 3,383 shares of the information technology services provider's stock worth $253,000 after purchasing an additional 861 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Down 1.9%

Shares of FIS stock opened at $79.29 on Friday. The stock has a market capitalization of $41.66 billion, a PE ratio of 30.38, a P/E/G ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The business has a 50-day moving average of $77.56 and a 200 day moving average of $77.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its 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 company 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 17.30% and a net margin of 14.54%. Fidelity National Information Services's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.33 EPS. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of recent research reports. 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 report on Monday, April 21st. 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 report on Wednesday, April 23rd. Truist Financial started coverage on Fidelity National Information Services in a research note on Monday, June 2nd. They issued a "hold" rating and a $84.00 target price on the stock. Robert W. Baird upped 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. Finally, Stephens upped their target price on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average 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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