Westfield Capital Management Co. LP Has $5.97 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Westfield Capital Management Co. LP increased its stake in Fidelity National Information Services, purchasing an additional 10,959 shares, boosting its holdings by 15.9% to a total of 79,940 shares valued at approximately $5.97 million.
• Institutional investors now own a significant 96.23% of Fidelity National Information Services' stock, indicating strong institutional interest in the company.
• Fidelity National Information Services recently reported an EPS of $1.21, exceeding analyst estimates and reflecting a 2.6% increase in revenue compared to the previous year.

Westfield Capital Management Co. LP raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 15.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,940 shares of the information technology services provider's stock after purchasing an additional 10,959 shares during the period. Westfield Capital Management Co. LP's holdings in Fidelity National Information Services were worth $5,970,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC raised its holdings in 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 buying an additional 267 shares during the period. Meeder Asset Management Inc. increased its position in shares of Fidelity National Information Services by 92.1% during the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 164 shares in the last quarter. YANKCOM Partnership raised its holdings in shares of Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in shares of Fidelity National Information Services by 179.9% during 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 during the period. Finally, Kennebec Savings Bank lifted its position in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 186 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FIS shares. Truist Financial lifted their target price 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. Stephens lifted their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday. Oppenheimer raised shares of 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 report on Wednesday, April 23rd. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.63.

Fidelity National Information Services Stock Performance

Shares of FIS traded up $1.05 during midday trading on Friday, reaching $71.12. 4,362,174 shares of the stock were exchanged, compared to its average volume of 3,618,208. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. 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 company has a market cap of $37.37 billion, a P/E ratio of 395.13 and a beta of 1.04. The stock's 50 day simple moving average is $79.95 and its 200 day simple moving average is $76.80.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, hitting the consensus estimate of $1.36. The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 EPS. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 10th. Fidelity National Information Services's payout ratio is 888.89%.

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.