XTX Topco Ltd Raises Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• XTX Topco Ltd increased its stake in Fidelity National Information Services, acquiring an additional 28,015 shares and bringing its total holdings to 58,383 shares, valued at approximately $4.36 million.
• Fidelity National Information Services recently announced a quarterly dividend of $0.40 per share, with an annual yield of 1.96% despite a payout ratio of over 105%.
• Analysts maintain a mostly positive outlook for Fidelity National Information Services, with a consensus rating of "Moderate Buy" and an average price target of $91.00.

XTX Topco Ltd grew its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 92.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,383 shares of the information technology services provider's stock after purchasing an additional 28,015 shares during the quarter. XTX Topco Ltd's holdings in Fidelity National Information Services were worth $4,360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FIS. Sierra Ocean LLC boosted its holdings in 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 purchasing an additional 267 shares during the last quarter. YANKCOM Partnership boosted its holdings in Fidelity National Information Services by 118.8% in the first 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 last quarter. Meeder Asset Management Inc. boosted its holdings in Fidelity National Information Services by 92.1% in the first quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 164 shares during the last quarter. 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 valued at $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Kennebec Savings Bank boosted its holdings in 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 valued at $33,000 after purchasing an additional 186 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

FIS stock traded down $1.26 during mid-day trading on Thursday, reaching $79.38. The company's stock had a trading volume of 2,869,981 shares, compared to its average volume of 2,024,983. The stock has a market cap of $41.71 billion, a PE ratio of 52.57 and a beta of 1.06. 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, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company's 50 day moving average is $80.43 and its two-hundred day moving average is $76.95.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The business 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 business's revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 EPS. Equities research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.0%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price target for the company from $79.00 to $86.00 in a report on Monday, April 21st. TD Cowen raised 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 report on Monday, April 21st. Royal Bank Of Canada lowered their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research note on Wednesday, April 23rd. Finally, UBS Group increased their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.