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 18.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,910 shares of the information technology services provider’s stock after acquiring an additional 2,033 shares during the period. First Trust Direct Indexing L.P.’s holdings in Fidelity National Information Services were worth $958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its position in shares of Fidelity National Information Services by 14.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock valued at $79,000 after purchasing an additional 166 shares during the last quarter. Penbrook Management LLC increased its position in shares of Fidelity National Information Services by 5.1% during the first quarter. Penbrook Management LLC now owns 4,124 shares of the information technology services provider’s stock valued at $306,000 after purchasing an additional 200 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Fidelity National Information Services by 1.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider’s stock valued at $1,178,000 after purchasing an additional 232 shares in the last quarter. CarsonAllaria Wealth Management Ltd. lifted its position in Fidelity National Information Services by 7.5% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 3,397 shares of the information technology services provider’s stock worth $204,000 after purchasing an additional 237 shares during the period. Finally, ERn Financial LLC boosted its stake in Fidelity National Information Services by 4.1% during the first quarter. ERn Financial LLC now owns 6,148 shares of the information technology services provider’s stock worth $456,000 after buying an additional 244 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Trading Up 0.8 %

FIS opened at $75.81 on Friday. The firm has a 50 day simple moving average of $75.15 and a 200 day simple moving average of $69.11. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.73. The company has a market cap of $42.17 billion, a price-to-earnings ratio of -7.41, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced 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. The ex-dividend date was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.90%. Fidelity National Information Services’s payout ratio is currently -14.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on FIS shares. Bank of America raised their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Stephens reiterated an “overweight” rating and issued a $90.00 price objective on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. TD Cowen increased their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Barclays boosted their price target on Fidelity National Information Services from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Finally, Susquehanna increased their price objective on Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a research note on Wednesday, May 8th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.32.

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.