Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden lifted its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,600 shares of the information technology services provider’s stock after acquiring an additional 7,900 shares during the period. Forsta AP Fonden’s holdings in Fidelity National Information Services were worth $12,914,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FIS. FinTrust Capital Advisors LLC boosted its stake in Fidelity National Information Services by 248.3% in the 1st quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider’s stock worth $31,000 after buying an additional 221 shares during the last quarter. Covestor Ltd acquired a new stake in Fidelity National Information Services in the 4th quarter worth about $35,000. Hazlett Burt & Watson Inc. acquired a new stake in Fidelity National Information Services in the 1st quarter worth about $35,000. Curi Wealth Management LLC boosted its stake in Fidelity National Information Services by 100.5% in the 1st quarter. Curi Wealth Management LLC now owns 407 shares of the information technology services provider’s stock worth $40,000 after buying an additional 204 shares during the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Fidelity National Information Services in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 89.51% of the company’s stock.

Fidelity National Information Services Price Performance

Shares of FIS opened at $97.37 on Friday. The firm has a market cap of $59.20 billion, a price-to-earnings ratio of 70.56, a PEG ratio of 0.99 and a beta of 0.76. The stock has a 50 day moving average of $97.38 and a 200-day moving average of $99.82. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 0.25. Fidelity National Information Services, Inc. has a 52 week low of $85.00 and a 52 week high of $135.62.

Fidelity National Information Services (NYSE:FIS – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.01. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 7.13 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.88 dividend on an annualized basis and a yield of 1.93%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 136.23%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Evercore ISI raised Fidelity National Information Services from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $115.00 to $135.00 in a research note on Monday, June 13th. Citigroup reduced their price objective on Fidelity National Information Services from $138.00 to $130.00 in a research note on Monday, April 25th. Wolfe Research reduced their price objective on Fidelity National Information Services from $165.00 to $135.00 in a research note on Wednesday, July 20th. Oppenheimer reduced their price objective on Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating on the stock in a research note on Monday, July 25th. Finally, Truist Financial reduced their price objective on Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. Five research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $129.23.

Fidelity National Information Services Profile

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.