Fidelity National Information Services, Inc. (NYSE:FIS) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 10.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,206 shares of the information technology services provider’s stock after acquiring an additional 5,211 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Fidelity National Information Services were worth $5,443,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Fidelity National Information Services by 1.7% during the fourth quarter. BlackRock Inc. now owns 53,774,624 shares of the information technology services provider’s stock valued at $5,869,500,000 after acquiring an additional 902,020 shares during the last quarter. Capital International Investors grew its position in shares of Fidelity National Information Services by 12.3% in the fourth quarter. Capital International Investors now owns 34,213,281 shares of the information technology services provider’s stock valued at $3,734,671,000 after purchasing an additional 3,742,833 shares in the last quarter. State Street Corp grew its position in shares of Fidelity National Information Services by 4.0% in the fourth quarter. State Street Corp now owns 27,021,279 shares of the information technology services provider’s stock valued at $2,949,373,000 after purchasing an additional 1,039,748 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Fidelity National Information Services by 1.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,503,301 shares of the information technology services provider’s stock valued at $2,237,936,000 after purchasing an additional 211,494 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Fidelity National Information Services by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 9,891,046 shares of the information technology services provider’s stock valued at $1,076,523,000 after purchasing an additional 31,482 shares in the last quarter. Institutional investors and hedge funds own 89.51% of the company’s stock.

Analysts Set New Price Targets

FIS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $145.00 to $125.00 in a research report on Monday, July 11th. Truist Financial dropped their price target on Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. Stephens initiated coverage on Fidelity National Information Services in a research report on Wednesday, April 6th. They issued an “overweight” rating and a $125.00 price target for the company. Wells Fargo & Company lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $132.00 to $101.00 in a research report on Thursday, July 14th. Finally, Citigroup lowered their price objective on Fidelity National Information Services from $138.00 to $130.00 in a research report on Monday, April 25th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.62.

Fidelity National Information Services Stock Up 1.9 %

Shares of NYSE FIS opened at $104.13 on Thursday. The stock has a market cap of $63.31 billion, a P/E ratio of 70.36, a PEG ratio of 1.05 and a beta of 0.76. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. Fidelity National Information Services, Inc. has a 12-month low of $85.00 and a 12-month high of $135.62. The business’s fifty day simple moving average is $97.69 and its 200-day simple moving average is $100.09.

Fidelity National Information Services (NYSE:FISGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The information technology services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.01. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Fidelity National Information Services had a return on equity of 8.76% and a net margin of 6.43%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $1.30 earnings per share. As a group, equities analysts predict that Fidelity National Information Services, Inc. will post 7.24 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, September 15th. Fidelity National Information Services’s payout ratio is currently 127.03%.

Fidelity National Information Services Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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