Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 13.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,877 shares of the information technology services provider’s stock after acquiring an additional 1,278 shares during the period. First Trust Direct Indexing L.P.’s holdings in Fidelity National Information Services were worth $653,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New York Life Investment Management LLC increased its stake in Fidelity National Information Services by 0.6% in the 4th quarter. New York Life Investment Management LLC now owns 92,749 shares of the information technology services provider’s stock worth $5,571,000 after purchasing an additional 571 shares in the last quarter. Y.D. More Investments Ltd increased its position in shares of Fidelity National Information Services by 19.3% in the fourth quarter. Y.D. More Investments Ltd now owns 5,863 shares of the information technology services provider’s stock worth $346,000 after acquiring an additional 949 shares in the last quarter. Cannell & Co. raised its holdings in shares of Fidelity National Information Services by 9.1% during the fourth quarter. Cannell & Co. now owns 335,159 shares of the information technology services provider’s stock valued at $20,133,000 after acquiring an additional 27,846 shares during the period. Savant Capital LLC lifted its position in shares of Fidelity National Information Services by 7.5% in the 4th quarter. Savant Capital LLC now owns 5,713 shares of the information technology services provider’s stock valued at $343,000 after acquiring an additional 400 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its position in shares of Fidelity National Information Services by 48.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 160,439 shares of the information technology services provider’s stock valued at $9,638,000 after acquiring an additional 52,223 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Stock Up 1.9 %

FIS stock opened at $70.72 on Friday. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $74.75. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $70.56 and its 200-day moving average is $62.46.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly 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 company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.71 earnings per share. On average, sell-side analysts expect that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current year.

Fidelity National Information Services announced that its Board of Directors has authorized a share buyback plan on Monday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.04%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -12.81%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was bought at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of 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 accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FIS. Evercore ISI boosted their target price on shares of Fidelity National Information Services from $62.00 to $75.00 and gave the company an “in-line” rating in a research note on Tuesday, April 30th. Truist Financial upped their price target on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Morgan Stanley raised their price objective on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. TheStreet upgraded Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Finally, Bank of America increased their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

Fidelity National Information Services Profile

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.