Perpetual Ltd Has $33.58 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Perpetual Ltd lowered its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,622 shares of the information technology services provider's stock after selling 7,896 shares during the quarter. Perpetual Ltd owned 0.08% of Fidelity National Information Services worth $33,578,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FIS. Balefire LLC grew its position in Fidelity National Information Services by 62.2% during the 1st quarter. Balefire LLC now owns 52,843 shares of the information technology services provider's stock worth $3,946,000 after purchasing an additional 20,259 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Fidelity National Information Services by 34.3% during the first quarter. Pinnacle Bancorp Inc. now owns 685 shares of the information technology services provider's stock valued at $51,000 after buying an additional 175 shares in the last quarter. S.A. Mason LLC raised its position in Fidelity National Information Services by 316.7% during the first quarter. S.A. Mason LLC now owns 2,500 shares of the information technology services provider's stock valued at $187,000 after buying an additional 1,900 shares during the period. Moran Wealth Management LLC lifted its stake in Fidelity National Information Services by 6.4% in the 1st quarter. Moran Wealth Management LLC now owns 254,320 shares of the information technology services provider's stock worth $18,993,000 after acquiring an additional 15,341 shares in the last quarter. Finally, FORM Wealth Advisors LLC acquired a new stake in Fidelity National Information Services during the 1st quarter worth about $485,000. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now directly owns 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Down 0.8%

Shares of FIS stock opened at $80.10 on Friday. The business's 50 day moving average is $79.29 and its two-hundred day moving average is $77.06. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. 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 market cap of $42.08 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS 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 firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $1.33 EPS. The business's quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.00%. 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 Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group upped their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, April 4th. Oppenheimer upgraded 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 report on Wednesday, April 23rd. Finally, Truist Financial initiated coverage on Fidelity National Information Services in a report on Monday, June 2nd. They set a "hold" rating and a $84.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $90.75.

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.

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