State of Alaska Department of Revenue Has $4.77 Million Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

State of Alaska Department of Revenue lifted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,285 shares of the information technology services provider’s stock after purchasing an additional 305 shares during the quarter. State of Alaska Department of Revenue’s holdings in Fidelity National Information Services were worth $4,768,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EdgeRock Capital LLC bought a new position in Fidelity National Information Services during the 4th quarter worth $29,000. Rise Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 1st quarter worth $29,000. Delta Asset Management LLC TN increased its position in shares of Fidelity National Information Services by 600.0% in the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares during the period. BKM Wealth Management LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at about $35,000. Finally, Criterion Capital Advisors LLC bought a new stake in Fidelity National Information Services during the fourth quarter worth about $40,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Susquehanna boosted their target price on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the company a “positive” rating in a research report on Wednesday, May 8th. TD Cowen upped their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Thursday, April 11th. Stephens restated an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. Finally, Evercore ISI lifted their target price on Fidelity National Information Services from $75.00 to $80.00 and gave the company an “in-line” rating in a research report on Tuesday, May 7th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $79.32.

Get Our Latest Analysis on Fidelity National Information Services

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was purchased at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the acquisition, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Fidelity National Information Services Stock Up 0.8 %

Shares of NYSE:FIS opened at $75.81 on Friday. The firm has a market cap of $42.17 billion, a P/E ratio of -7.41, a P/E/G ratio of 0.77 and a beta of 1.06. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $78.73. The business has a fifty day simple moving average of $75.05 and a 200 day simple moving average of $69.06. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59.

Fidelity National Information Services (NYSE:FISGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the company earned $1.29 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Analysts predict that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Fidelity National Information Services Profile

(Free Report)

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.

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

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