National Pension Service Has $90.48 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• The National Pension Service has increased its holdings in Fidelity National Information Services by 6.5%, now owning a total of 1,211,626 shares valued at approximately $90.48 million.
• Fidelity National Information Services recently reported earnings of $1.36 EPS, meeting analyst expectations, with revenue of $2.62 billion.
• The company announced a quarterly dividend of $0.40 per share, with a payment date set for September 24th, representing an annual yield of 2.2%.

National Pension Service increased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,211,626 shares of the information technology services provider's stock after buying an additional 73,711 shares during the period. National Pension Service owned 0.23% of Fidelity National Information Services worth $90,484,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC raised its stake in Fidelity National Information Services by 3.7% during the first quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock worth $309,000 after acquiring an additional 146 shares in the last quarter. Stonebrook Private Inc. raised its stake in Fidelity National Information Services by 0.6% during the first quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after acquiring an additional 146 shares in the last quarter. Integrated Advisors Network LLC raised its stake in Fidelity National Information Services by 4.7% during the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after acquiring an additional 147 shares in the last quarter. Private Trust Co. NA raised its stake in Fidelity National Information Services by 9.9% during the first quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock worth $124,000 after acquiring an additional 149 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Fidelity National Information Services by 8.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 1.0%

Fidelity National Information Services stock traded down $0.70 during mid-day trading on Friday, hitting $70.88. The stock had a trading volume of 3,952,820 shares, compared to its average volume of 3,476,062. The stock has a 50-day simple moving average of $78.90 and a two-hundred day simple moving average of $76.42. The stock has a market capitalization of $37.03 billion, a PE ratio of 393.80 and a beta of 1.04. 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 current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. The firm had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same quarter last year, the business earned $1.36 earnings per share. The company's revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on FIS. Truist Financial increased their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Royal Bank Of Canada dropped their price objective on 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. UBS Group dropped their price objective on Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a research note on Wednesday, April 23rd. Finally, Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their target price for the company from $79.00 to $86.00 in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.63.

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.