State of Alaska Department of Revenue Raises Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

State of Alaska Department of Revenue raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC lifted its stake in Fidelity National Information Services by 10.1% in the first quarter. Insigneo Advisory Services LLC now owns 7,138 shares of the information technology services provider's stock worth $533,000 after acquiring an additional 656 shares during the last quarter. Sagespring Wealth Partners LLC raised its holdings in Fidelity National Information Services by 16.0% during the first quarter. Sagespring Wealth Partners LLC now owns 18,159 shares of the information technology services provider's stock worth $1,356,000 after purchasing an additional 2,502 shares in the last quarter. Great Lakes Retirement Inc. raised its holdings in Fidelity National Information Services by 5.0% during the first quarter. Great Lakes Retirement Inc. now owns 24,751 shares of the information technology services provider's stock worth $1,848,000 after purchasing an additional 1,173 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Fidelity National Information Services during the first quarter worth approximately $743,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in Fidelity National Information Services by 74.8% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 152,016 shares of the information technology services provider's stock worth $11,353,000 after purchasing an additional 65,073 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Stephens raised their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, April 4th. Royal Bank Of Canada cut their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Truist Financial assumed 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 objective on the stock. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $79.00 to $86.00 in a report on Monday, April 21st. One 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, the company has a consensus rating of "Moderate Buy" and an average target price of $90.75.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 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 up $0.37 during trading on Monday, reaching $80.54. The company's stock had a trading volume of 3,233,001 shares, compared to its average volume of 3,362,288. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The firm has a market cap of $42.31 billion, a PE ratio of 53.34, a P/E/G ratio of 1.49 and a beta of 1.06. The company has a 50-day moving average price of $78.69 and a two-hundred day moving average price of $77.02. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. Fidelity National Information Services's revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders 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 annualized dividend and a yield of 1.99%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

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.