Natixis Advisors L.P. Grows Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Natixis Advisors L.P. raised its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 395,507 shares of the information technology services provider’s stock after acquiring an additional 26,066 shares during the quarter. Natixis Advisors L.P.’s holdings in Fidelity National Information Services were worth $23,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. OFI Invest Asset Management purchased a new position in Fidelity National Information Services in the 3rd quarter worth about $25,000. Baystate Wealth Management LLC increased its holdings in shares of Fidelity National Information Services by 332.1% in the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 372 shares during the period. BKM Wealth Management LLC bought a new position in shares of Fidelity National Information Services in the 4th quarter worth $35,000. Criterion Capital Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $40,000. Finally, ORG Partners LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of Fidelity National Information Services 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 transaction, the director now directly owns 9,052 shares in the company, valued at $655,093.24. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.56% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $70.72 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $74.75. The stock’s 50-day moving average price is $70.56 and its 200-day moving average price is $62.46. The stock has a market capitalization of $39.71 billion, a PE ratio of -6.29, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.71 earnings per share. As a group, equities analysts expect that Fidelity National Information Services, Inc. will post 4.71 EPS for the current fiscal year.

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

Fidelity National Information Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on FIS shares. Truist Financial increased their price target on shares of 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. The Goldman Sachs Group initiated coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They set a “buy” rating and a $84.00 target price for the company. Royal Bank of Canada lifted their price target on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a report on Thursday, April 11th. Finally, Evercore ISI boosted their target price on Fidelity National Information Services from $62.00 to $75.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.50.

Fidelity National Information Services Company 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.