Richard Bernstein Advisors LLC Invests $3.32 Million in Fidelity National Information Services, Inc. (NYSE:FIS)

Richard Bernstein Advisors LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,396 shares of the information technology services provider's stock, valued at approximately $3,315,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC raised its position in Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 267 shares during the period. YANKCOM Partnership raised its position in Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares during the period. Kennebec Savings Bank raised its position in Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 186 shares during the period. OFI Invest Asset Management acquired a new position in Fidelity National Information Services during the fourth quarter worth $40,000. Finally, Wayfinding Financial LLC acquired a new position in Fidelity National Information Services during the first quarter worth $43,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

NYSE FIS traded down $0.95 during trading on Tuesday, hitting $79.89. The company's stock had a trading volume of 2,323,782 shares, compared to its average volume of 3,713,698. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average price of $79.76 and a 200 day moving average price of $76.90. The firm has a market cap of $41.97 billion, a P/E 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 52 week low of $66.51 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly 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. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. Equities research 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 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 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 research analysts have recently commented on FIS shares. Truist Financial started coverage on shares of Fidelity National Information Services in a research report on Monday, June 2nd. They issued a "hold" rating and a $84.00 target price for the company. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a research report on Wednesday, April 23rd. Royal Bank Of Canada dropped their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. 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 research note on Monday, April 21st. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their target price for the company from $79.00 to $86.00 in a report on Monday, April 21st. One research 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $90.75.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director directly owned 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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.