Whittier Trust Co. of Nevada Inc. Purchases 8,200 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Whittier Trust Co. of Nevada Inc. increased its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 803.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,221 shares of the information technology services provider's stock after buying an additional 8,200 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Fidelity National Information Services were worth $689,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FIS. Sierra Ocean LLC raised its stake in Fidelity National Information Services by 356.0% during the first 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 last quarter. YANKCOM Partnership raised its stake in 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 buying an additional 190 shares during the last quarter. Kennebec Savings Bank raised its stake 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 buying an additional 186 shares during the last quarter. Wayfinding Financial LLC bought a new position in Fidelity National Information Services during the first quarter worth $43,000. Finally, CoreCap Advisors LLC grew its holdings in Fidelity National Information Services by 877.6% in 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 Performance

Shares of FIS stock traded down $0.43 during trading on Friday, hitting $80.31. The company's stock had a trading volume of 2,382,447 shares, compared to its average volume of 3,352,359. The business has a fifty day moving average of $80.06 and a 200-day moving average of $76.85. The company has a market cap of $42.19 billion, a PE ratio of 53.19 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57.

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 analysts' consensus estimates 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 return on equity of 18.15% and a net margin of 8.10%. The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FIS. Robert W. Baird upped their price objective on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price target on the stock in a research note on Wednesday, April 23rd. Stephens raised their price objective on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Truist Financial boosted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price target for the company from $79.00 to $86.00 in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

Fidelity National Information Services 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.