Edmond DE Rothschild Holding S.A. Purchases 903 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Edmond DE Rothschild Holding S.A. boosted its position in Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,687 shares of the information technology services provider’s stock after acquiring an additional 903 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Fidelity National Information Services were worth $2,144,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at about $250,000. Wealthspire Advisors LLC raised its holdings in Fidelity National Information Services by 17.3% in the third quarter. Wealthspire Advisors LLC now owns 4,603 shares of the information technology services provider’s stock worth $254,000 after buying an additional 678 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Fidelity National Information Services by 9.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 571,139 shares of the information technology services provider’s stock worth $31,567,000 after buying an additional 48,474 shares during the last quarter. abrdn plc raised its holdings in shares of Fidelity National Information Services by 1.4% during the third quarter. abrdn plc now owns 526,859 shares of the information technology services provider’s stock valued at $29,119,000 after purchasing an additional 7,373 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Fidelity National Information Services by 1.5% during the third quarter. Atria Investments Inc now owns 113,630 shares of the information technology services provider’s stock valued at $6,280,000 after purchasing an additional 1,693 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Down 0.9 %

Fidelity National Information Services stock traded down $0.68 during midday trading on Wednesday, hitting $74.45. 298,542 shares of the company’s stock were exchanged, compared to its average volume of 4,386,975. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $78.73. The firm has a 50-day moving average of $72.99 and a two-hundred day moving average of $65.68. The company has a market cap of $41.41 billion, a PE ratio of -7.34, a P/E/G ratio of 0.79 and a beta of 0.98.

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

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Fidelity National Information Services declared that its board has initiated a share repurchase program on Monday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

FIS has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They set a “buy” rating and a $84.00 target price for the company. Barclays upped their target price on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. TD Cowen upped their target price on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Finally, Bank of America upped their target price 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 investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $78.74.

Get Our Latest Research Report on Fidelity National Information Services

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 775 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of $72.37 per share, for a total transaction of $56,086.75. Following the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at $655,093.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Company 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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