Prudential PLC Has $9.91 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Prudential PLC increased its stake in Fidelity National Information Services, Inc. by 11.2% in the first quarter, now holding shares worth approximately $9.91 million.
• Fidelity National Information Services recently announced a quarterly dividend of $0.40, translating to an annualized dividend of $1.60 and a yield of 2.2%.
• Analysts have varying ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $91.63.

Prudential PLC lifted its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 11.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,672 shares of the information technology services provider's stock after acquiring an additional 13,390 shares during the period. Prudential PLC's holdings in Fidelity National Information Services were worth $9,908,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC raised its position in shares of Fidelity National Information Services by 3.7% in the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock valued at $309,000 after acquiring an additional 146 shares during the period. Stonebrook Private Inc. raised its holdings in Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after buying an additional 146 shares during the period. Integrated Advisors Network LLC raised its holdings in Fidelity National Information Services by 4.7% during the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock worth $245,000 after buying an additional 147 shares during the period. Private Trust Co. NA raised its holdings in Fidelity National Information Services by 9.9% during the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock worth $124,000 after buying an additional 149 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Fidelity National Information Services by 8.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after buying an additional 153 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Down 1.0%

Shares of NYSE:FIS traded down $0.70 during midday 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. 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 quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The business's 50-day simple moving average is $78.90 and its 200-day simple moving average is $76.45. The company has a market cap of $37.03 billion, a P/E ratio of 393.80 and a beta of 1.04.

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

Fidelity National Information Services Announces Dividend

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

Wall Street Analyst Weigh In

FIS has been the topic of several research analyst reports. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their target price for the stock from $79.00 to $86.00 in a report on Monday, April 21st. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a report on Monday, April 21st. Finally, Robert W. Baird raised their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.63.

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.