Oppenheimer & Co. Inc. Makes New Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Oppenheimer & Co. Inc. acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,694 shares of the information technology services provider's stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Fidelity National Information Services in the 4th quarter worth about $451,458,000. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $347,000. DnB Asset Management AS increased its stake in shares of Fidelity National Information Services by 92.9% during the fourth quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider's stock valued at $14,905,000 after purchasing an additional 88,875 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $689,000. Finally, Victory Capital Management Inc. grew its stake in shares of Fidelity National Information Services by 31.5% in the 4th quarter. Victory Capital Management Inc. now owns 267,941 shares of the information technology services provider's stock worth $21,642,000 after buying an additional 64,240 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $0.40 during trading on Thursday, hitting $81.67. The company's stock had a trading volume of 1,293,048 shares, compared to its average volume of 3,356,293. The company has a 50-day moving average of $79.62 and a 200-day moving average of $76.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $42.91 billion, a price-to-earnings ratio of 54.09, a P/E/G ratio of 1.53 and a beta of 1.06. 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 released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm earned $1.33 earnings per share. The company's quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were paid a $0.40 dividend. 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 (DPR) is currently 105.96%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIS. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $79.00 to $86.00 in a research note 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 target for the company in a research report on Wednesday, April 23rd. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research report on Monday, April 21st. Truist Financial initiated 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 objective for the company. Finally, Stephens upped their target price on shares of 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director owned 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is currently owned by insiders.

Fidelity National Information Services Company 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.