River Global Investors LLP Grows Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

River Global Investors LLP boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 53.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,977 shares of the information technology services provider’s stock after buying an additional 6,247 shares during the period. River Global Investors LLP’s holdings in Fidelity National Information Services were worth $1,080,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Fidelity National Information Services Trading Up 1.9 %

Shares of FIS traded up $1.29 during mid-day trading on Friday, reaching $70.72. 3,571,205 shares of the company were exchanged, compared to its average volume of 3,578,831. The business has a 50 day simple moving average of $70.56 and a two-hundred day simple moving average of $62.60. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $74.75. The stock has a market capitalization of $39.71 billion, a PE ratio of -6.29, a PEG ratio of 0.88 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 earnings per share. On average, analysts predict that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its board has initiated a stock buyback program on Monday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Wall Street Analyst Weigh In

Several equities analysts have commented on FIS shares. Royal Bank of Canada raised their target price on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. boosted their target price on shares of 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. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Morgan Stanley upped their target price on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Finally, Truist Financial increased their price objective on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.50.

About Fidelity National Information Services

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.