State of Alaska Department of Revenue Buys 10,705 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

State of Alaska Department of Revenue boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,085 shares of the information technology services provider's stock after acquiring an additional 10,705 shares during the quarter. State of Alaska Department of Revenue's holdings in Fidelity National Information Services were worth $5,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in Fidelity National Information Services during the fourth quarter valued at approximately $635,202,000. Raymond James Financial Inc. acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $451,458,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Fidelity National Information Services by 100.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after acquiring an additional 1,616,146 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Fidelity National Information Services by 3.8% during 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 acquiring an additional 1,082,929 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Fidelity National Information Services by 16.5% in the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock worth $559,399,000 after acquiring an additional 982,955 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $0.34 during midday trading on Friday, hitting $80.10. The company had a trading volume of 4,368,892 shares, compared to its average volume of 3,414,546. The stock has a market cap of $42.09 billion, a PE ratio of 53.05, a P/E/G ratio of 1.50 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The business's 50 day simple moving average is $78.35 and its two-hundred day simple moving average is $77.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63.

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

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services's payout ratio is presently 105.96%.

Analysts Set New Price Targets

A number of research analysts have commented on FIS shares. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research note on Monday, April 21st. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a report on Wednesday, April 23rd. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their target price for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. Finally, Truist Financial initiated coverage on shares of Fidelity National Information Services in a report on Monday, June 2nd. They set a "hold" rating and a $84.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.75.

Fidelity National Information Services Company 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.