Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 88.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,066 shares of the information technology services provider's stock after purchasing an additional 78,422 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Fidelity National Information Services were worth $12,476,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kennebec Savings Bank lifted its position in shares of Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after buying an additional 186 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $40,000. CoreCap Advisors LLC grew its holdings in Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after purchasing an additional 509 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Fidelity National Information Services by 139.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after purchasing an additional 371 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Fidelity National Information Services by 34.3% during the 1st quarter. Pinnacle Bancorp Inc. now owns 685 shares of the information technology services provider's stock valued at $51,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Price Performance

Shares of FIS traded up $0.40 during trading hours on Thursday, hitting $81.67. 1,293,048 shares of the stock were exchanged, compared to its average volume of 3,356,293. The stock's 50-day moving average price is $79.62 and its two-hundred day moving average price is $76.97. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $42.91 billion, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 1.53 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FIS shares. Truist Financial initiated coverage on 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. Robert W. Baird boosted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, April 4th. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Royal Bank Of Canada decreased their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Stephens increased their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. One investment 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. According to MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and a consensus target price of $90.75.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director owned 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company's stock.

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.