Natixis Advisors LLC Grows Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Natixis Advisors LLC has increased its stake in Fidelity National Information Services by 5.0%, now owning 663,196 shares worth approximately $49.5 million following the acquisition of an additional 31,701 shares.
• Fidelity National Information Services has declared a quarterly dividend of $0.40 per share, with an annualized yield of 2.0%, set to be paid on September 24th.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Fidelity National Information Services, with a target price of $91.00, indicating positive outlook amid recent performance adjustments.

Natixis Advisors LLC grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 663,196 shares of the information technology services provider's stock after purchasing an additional 31,701 shares during the quarter. Natixis Advisors LLC owned approximately 0.13% of Fidelity National Information Services worth $49,528,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FIS. Arkadios Wealth Advisors acquired a new stake in Fidelity National Information Services in the first quarter worth approximately $1,587,000. XTX Topco Ltd lifted its position in Fidelity National Information Services by 92.3% in the first quarter. XTX Topco Ltd now owns 58,383 shares of the information technology services provider's stock worth $4,360,000 after purchasing an additional 28,015 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Fidelity National Information Services in the first quarter worth approximately $1,633,000. Federated Hermes Inc. lifted its position in Fidelity National Information Services by 24.2% in the first quarter. Federated Hermes Inc. now owns 22,934 shares of the information technology services provider's stock worth $1,713,000 after purchasing an additional 4,471 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in Fidelity National Information Services in the first quarter worth approximately $89,000. 96.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada cut 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 report on Wednesday, May 7th. Truist Financial increased their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price target for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. TD Cowen raised 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, Oppenheimer raised 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. One equities research 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.00.

Fidelity National Information Services Stock Performance

Shares of FIS stock traded down $7.44 on Tuesday, reaching $71.52. The stock had a trading volume of 6,687,949 shares, compared to its average volume of 3,545,907. 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 firm's 50-day moving average is $80.47 and its two-hundred day moving average is $76.94. The firm has a market capitalization of $37.58 billion, a price-to-earnings ratio of 47.36 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.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.36 EPS. On average, research analysts expect that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

Fidelity National Information Services Profile

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.