New York State Common Retirement Fund Has $28.59 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

New York State Common Retirement Fund reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 475,887 shares of the information technology services provider's stock after selling 56,501 shares during the period. New York State Common Retirement Fund owned 0.08% of Fidelity National Information Services worth $28,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Fidelity National Information Services by 12.7% during the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider's stock worth $3,199,306,000 after buying an additional 6,503,451 shares during the period. JANA Partners Management LP acquired a new position in shares of Fidelity National Information Services during the third quarter worth approximately $206,507,000. Lazard Asset Management LLC boosted its position in shares of Fidelity National Information Services by 660.0% during the third quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider's stock worth $183,944,000 after buying an additional 2,890,185 shares during the period. London Co. of Virginia boosted its position in shares of Fidelity National Information Services by 59.4% during the third quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider's stock worth $390,731,000 after buying an additional 2,633,196 shares during the period. Finally, Parnassus Investments LLC boosted its position in shares of Fidelity National Information Services by 163.0% during the third quarter. Parnassus Investments LLC now owns 3,924,014 shares of the information technology services provider's stock worth $216,880,000 after buying an additional 2,432,150 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial upped their target price on Fidelity National Information Services from $55.00 to $65.00 and gave the stock a "hold" rating in a research report on Tuesday, February 27th. UBS Group upped their target price on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 27th. Evercore ISI upped their target price on Fidelity National Information Services from $58.00 to $62.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. Bank of America upped their target price on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.59.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction dated Monday, April 15th. The shares were acquired at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Down 1.2 %

NYSE:FIS traded down $0.88 during trading hours on Friday, hitting $69.59. 3,761,655 shares of the stock traded hands, compared to its average volume of 4,426,802. The firm has a 50 day moving average price of $70.04 and a 200 day moving average price of $61.89. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $74.75. The firm has a market cap of $40.12 billion, a price-to-earnings ratio of -6.19, a PEG ratio of 0.89 and a beta of 0.97.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm earned $1.71 earnings per share. Fidelity National Information Services's revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. Fidelity National Information Services's dividend payout ratio is currently -12.81%.

Fidelity National Information Services announced that its Board of Directors has initiated a share buyback program on Monday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

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.