Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers lifted its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,124,630 shares of the information technology services provider's stock after purchasing an additional 4,436 shares during the quarter. Rhumbline Advisers owned about 0.21% of Fidelity National Information Services worth $83,987,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Research Global Investors raised its position in shares of Fidelity National Information Services by 3.8% in the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock valued at $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC raised its position in Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after buying an additional 208,127 shares during the last quarter. Boston Partners raised its position in Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider's stock worth $968,326,000 after buying an additional 446,544 shares during the last quarter. Norges Bank purchased a new position in Fidelity National Information Services during the 4th quarter worth approximately $635,202,000. Finally, Invesco Ltd. raised its position in Fidelity National Information Services by 9.1% during the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after buying an additional 632,328 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of recent research reports. Truist Financial initiated coverage on shares of Fidelity National Information Services in a research report on Monday. They set a "hold" rating and a $84.00 price target for the company. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price target for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Stephens raised their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Oppenheimer raised shares of 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. Finally, William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $0.68 during trading on Friday, hitting $81.22. 2,450,857 shares of the stock traded hands, compared to its average volume of 3,465,714. The company has a fifty day moving average price of $76.62 and a two-hundred day moving average price of $77.50. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a market cap of $42.67 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 1.23 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company earned $1.33 EPS. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

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.