Public Sector Pension Investment Board Raises Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Public Sector Pension Investment Board increased its stake in Fidelity National Information Services by 5.3% during the first quarter, bringing its total to 81,163 shares valued at approximately $6.06 million.
• Fidelity National Information Services reported $1.36 earnings per share for the latest quarter, matching analysts' estimates, with revenue of $2.62 billion.
• The company announced a quarterly dividend of $0.40 per share, representing a dividend yield of 2.3% and a payout ratio of 888.89%.

Public Sector Pension Investment Board grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 5.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 81,163 shares of the information technology services provider's stock after buying an additional 4,078 shares during the period. Public Sector Pension Investment Board's holdings in Fidelity National Information Services were worth $6,061,000 as of its most recent SEC filing.

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

Fidelity National Information Services Stock Performance

FIS opened at $70.88 on Friday. The firm 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, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a 50 day simple moving average of $78.90 and a two-hundred day simple moving average of $76.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

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

Fidelity National Information Services Dividend Announcement

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

Wall Street Analyst Weigh In

FIS has been the subject of several research reports. Citigroup raised shares of 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. UBS Group decreased their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Truist Financial boosted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. TD Cowen raised shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a report on Monday, April 21st. Finally, Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price of $91.63.

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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