Caprock Group LLC Makes New $956,000 Investment in Fidelity National Information Services, Inc. $FIS

Caprock Group LLC purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,691 shares of the information technology services provider’s stock, valued at approximately $956,000.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Fidelity National Information Services by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock valued at $5,130,403,000 after buying an additional 376,499 shares in the last quarter. Dodge & Cox raised its holdings in shares of Fidelity National Information Services by 1.3% in the second quarter. Dodge & Cox now owns 35,274,497 shares of the information technology services provider’s stock worth $2,871,697,000 after acquiring an additional 466,199 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Fidelity National Information Services by 0.4% in the second quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock valued at $1,077,157,000 after acquiring an additional 48,968 shares in the last quarter. Boston Partners boosted its stake in shares of Fidelity National Information Services by 10.5% during the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after acquiring an additional 1,122,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Information Services by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock valued at $832,141,000 after acquiring an additional 97,843 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Trading Down 0.4%

Shares of FIS opened at $46.74 on Monday. Fidelity National Information Services, Inc. has a twelve month low of $46.16 and a twelve month high of $82.74. The firm has a market capitalization of $24.20 billion, a P/E ratio of 173.11, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64. The stock’s fifty day simple moving average is $61.62 and its 200 day simple moving average is $65.33.

Fidelity National Information Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, March 10th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 592.59%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of Fidelity National Information Services stock in a transaction on Thursday, January 15th. The shares were purchased at an average cost of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. This represents a 6.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of several analyst reports. Compass Point cut their target price on shares of Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. Truist Financial lowered their target price on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Finally, Royal Bank Of Canada reduced their price target on Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $78.33.

Fidelity National Information Services Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.