Tidal Investments LLC Purchases 55,366 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Tidal Investments LLC lifted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 119.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,898 shares of the information technology services provider's stock after purchasing an additional 55,366 shares during the quarter. Tidal Investments LLC's holdings in Fidelity National Information Services were worth $8,230,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms recently commented on FIS. Barclays cut their price objective on shares of Fidelity National Information Services from $102.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Susquehanna cut shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and cut their price objective for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $79.00 to $86.00 in a research report on Monday, April 21st. UBS Group boosted their price objective on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.11.

Fidelity National Information Services Stock Up 1.4%

Fidelity National Information Services stock opened at $80.99 on Tuesday. The firm has a market capitalization of $42.55 billion, a PE ratio of 31.03, a P/E/G ratio of 1.23 and a beta of 1.08. The company's 50-day moving average is $74.94 and its 200-day moving average is $78.16. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share 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 analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. Fidelity National Information Services's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 EPS. Sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share 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. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now owns 11,942 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

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.

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