Yousif Capital Management LLC Increases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Yousif Capital Management LLC raised its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 13.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,824 shares of the information technology services provider's stock after acquiring an additional 9,520 shares during the quarter. Yousif Capital Management LLC's holdings in Fidelity National Information Services were worth $5,961,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kennebec Savings Bank lifted its stake 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 worth $33,000 after acquiring an additional 186 shares during the last quarter. OFI Invest Asset Management purchased a new position in Fidelity National Information Services in the fourth quarter worth approximately $40,000. CoreCap Advisors LLC lifted its position in shares of Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after buying an additional 509 shares during the last quarter. Avion Wealth lifted its position in shares of Fidelity National Information Services by 503.0% during the 4th quarter. Avion Wealth now owns 609 shares of the information technology services provider's stock worth $49,000 after buying an additional 508 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Fidelity National Information Services by 139.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after buying an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 844 shares of the stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares of the company's stock, valued at $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FIS shares. William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research report on Monday, April 21st. Oppenheimer upgraded shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research report on Wednesday, April 23rd. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, Royal Bank of Canada reduced their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and an average target price of $90.75.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $1.53 on Friday, reaching $79.29. 2,953,019 shares of the stock were exchanged, compared to its average volume of 3,427,048. 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 current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average price of $77.56 and a two-hundred day moving average price of $77.28. The firm has a market capitalization of $41.66 billion, a PE ratio of 30.38, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued 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. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business posted $1.33 earnings per share. The business's revenue was up 2.6% compared to the same quarter last year. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.02%. Fidelity National Information Services's payout ratio is currently 105.96%.

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.