5,812 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,812 shares of the information technology services provider’s stock, valued at approximately $362,000.

Several other institutional investors also recently modified their holdings of FIS. Vanguard Group Inc. increased its position in shares of Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after purchasing an additional 6,503,451 shares during the last quarter. JANA Partners Management LP bought a new position in Fidelity National Information Services during the third quarter valued at approximately $206,507,000. Lazard Asset Management LLC grew its position in Fidelity National Information Services by 660.0% during the third quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider’s stock valued at $183,944,000 after acquiring an additional 2,890,185 shares during the last quarter. London Co. of Virginia grew its position in Fidelity National Information Services by 59.4% during the third quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock valued at $390,731,000 after acquiring an additional 2,633,196 shares during the last quarter. Finally, Parnassus Investments LLC grew its position in Fidelity National Information Services by 163.0% during the third quarter. Parnassus Investments LLC now owns 3,924,014 shares of the information technology services provider’s stock valued at $216,880,000 after acquiring an additional 2,432,150 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $70.81 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day simple moving average of $69.78 and a two-hundred day simple moving average of $61.71. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75.

Fidelity National Information Services (NYSE:FIS) last announced 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 firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 EPS. On average, research analysts expect that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current year.

Fidelity National Information Services Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio is currently -12.81%.

Fidelity National Information Services declared that its board has initiated a stock repurchase program on Monday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FIS shares. Royal Bank of Canada increased their price target on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Morgan Stanley increased their price target on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. 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. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Finally, Robert W. Baird cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average price target of $71.59.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction on Monday, April 15th. The stock was acquired at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

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.