Penserra Capital Management LLC Buys 33,401 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Penserra Capital Management LLC increased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 19.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,390 shares of the information technology services provider's stock after purchasing an additional 33,401 shares during the period. Penserra Capital Management LLC's holdings in Fidelity National Information Services were worth $15,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FIS. Brighton Jones LLC bought a new stake in Fidelity National Information Services in the 4th quarter worth approximately $347,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Fidelity National Information Services in the first quarter worth $276,000. DnB Asset Management AS lifted its holdings 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 bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at $689,000. Finally, Meritage Portfolio Management lifted its holdings in shares of Fidelity National Information Services by 43.9% during the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock valued at $6,166,000 after purchasing an additional 25,203 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director directly owned 11,942 shares of the company's stock, valued at approximately $860,301.68. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Down 1.2%

Shares of Fidelity National Information Services stock traded down $0.95 during mid-day trading on Tuesday, hitting $79.89. 2,323,782 shares of the stock were exchanged, compared to its average volume of 3,365,626. The stock has a market capitalization of $41.97 billion, a price-to-earnings ratio of 52.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The company has a 50-day simple moving average of $79.76 and a 200 day simple moving average of $76.90.

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 for the quarter, beating 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 firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. Fidelity National Information Services's payout ratio is 105.96%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. 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 research note on Monday, April 21st. Robert W. Baird lifted their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $79.00 to $86.00 in a report on Monday, April 21st. Truist Financial initiated coverage on Fidelity National Information Services in a research report on Monday, June 2nd. They set a "hold" rating and a $84.00 target price for the company. Finally, Stephens boosted 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 investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $90.75.

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.