Thoroughbred Financial Services LLC lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 80.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,533 shares of the information technology services provider's stock after acquiring an additional 3,805 shares during the period. Thoroughbred Financial Services LLC's holdings in Fidelity National Information Services were worth $637,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of FIS. Sierra Ocean LLC increased its stake in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 267 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 164 shares during the period. YANKCOM Partnership lifted its stake in shares of Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 190 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in Fidelity National Information Services by 179.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Finally, Kennebec Savings Bank raised its stake in shares of Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Oppenheimer upgraded 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 note on Wednesday, April 23rd. Stephens upped their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. 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 for the company in a report on Wednesday, May 7th. Truist Financial upped their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price of $91.63.
Check Out Our Latest Stock Report on Fidelity National Information Services
Fidelity National Information Services Trading Up 1.5%
FIS traded up $1.05 during trading on Friday, hitting $71.12. The company's stock had a trading volume of 4,362,174 shares, compared to its average volume of 3,083,271. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The stock's fifty day moving average price is $79.78 and its 200-day moving average price is $76.74. The company has a quick ratio of 0.63, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $37.15 billion, a P/E ratio of 395.13 and a beta of 1.04.
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 EPS for the quarter, hitting the consensus estimate of $1.36. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. Analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.
Fidelity National Information Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 888.89%.
About Fidelity National Information Services
(
Free Report)
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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