Viawealth LLC Acquires 4,638 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Viawealth LLC significantly increased its stake in Fidelity National Information Services by 137.5%, acquiring an additional 4,638 shares to own a total of 8,011 shares valued at $598,000.
• Fidelity National Information Services reported earnings of $1.21 per share for the last quarter, slightly beating estimates, with revenue up 2.6% year-over-year.
• The company has announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 1.96%, despite a high dividend payout ratio of 105.96%.

Viawealth LLC raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 137.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,011 shares of the information technology services provider's stock after purchasing an additional 4,638 shares during the period. Viawealth LLC's holdings in Fidelity National Information Services were worth $598,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC boosted its stake in shares of Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after buying an additional 267 shares during the period. YANKCOM Partnership lifted its position in shares of Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 190 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of Fidelity National Information Services by 179.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 250 shares during the period. Kennebec Savings Bank lifted 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 purchasing an additional 186 shares during the period. Finally, CoreCap Advisors LLC lifted its position in Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after purchasing an additional 509 shares during the period. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 0.1%

Shares of NYSE FIS opened at $81.84 on Tuesday. The company has a 50 day simple moving average of $80.38 and a 200 day simple moving average of $76.89. The firm has a market cap of $43.00 billion, a PE ratio of 54.20 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 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 released its quarterly earnings results 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 earnings per share. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FIS shares. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Oppenheimer upgraded 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 note on Wednesday, April 23rd. Royal Bank Of Canada cut their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Truist Financial upped their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, July 17th. Finally, UBS Group upped their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $91.00.

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.

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