DekaBank Deutsche Girozentrale Purchases 21,794 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

DekaBank Deutsche Girozentrale grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 200,025 shares of the information technology services provider’s stock after purchasing an additional 21,794 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Fidelity National Information Services were worth $14,554,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Cadence Bank grew its holdings in shares of Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after acquiring an additional 132 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Fidelity National Information Services by 6.8% during the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock worth $166,000 after buying an additional 143 shares during the last quarter. SageView Advisory Group LLC lifted its stake in Fidelity National Information Services by 1.3% in the first quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock valued at $853,000 after acquiring an additional 148 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 14.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock worth $79,000 after purchasing an additional 166 shares during the last quarter. Finally, CKW Financial Group raised its holdings in shares of Fidelity National Information Services by 10.5% in the 1st quarter. CKW Financial Group now owns 2,100 shares of the information technology services provider’s stock valued at $153,000 after purchasing an additional 200 shares during the period. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 1.0 %

Shares of FIS stock traded down $0.73 during trading hours on Friday, reaching $74.36. The company’s stock had a trading volume of 2,291,368 shares, compared to its average volume of 2,545,996. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $78.73. The firm’s 50 day simple moving average is $75.77 and its 200-day simple moving average is $71.26.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 earnings per share. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.94%. Fidelity National Information Services’s payout ratio is presently -14.08%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the topic of several research analyst reports. BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research note on Thursday, April 11th. Evercore ISI lifted their price objective on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research report on Tuesday, May 7th. Bank of America increased their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Mizuho lifted their target price on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Robert W. Baird increased their price target on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.42.

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.