XTX Topco Ltd Acquires 28,015 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

XTX Topco Ltd grew its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 92.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,383 shares of the information technology services provider’s stock after acquiring an additional 28,015 shares during the period. XTX Topco Ltd’s holdings in Fidelity National Information Services were worth $4,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in Fidelity National Information Services in the 1st quarter valued at about $276,000. Brown Advisory Inc. lifted its stake in Fidelity National Information Services by 16.7% in the 1st quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider’s stock valued at $24,594,000 after purchasing an additional 47,086 shares during the last quarter. Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $347,000. Compass Wealth Management LLC lifted its stake in Fidelity National Information Services by 13.5% in the 1st quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider’s stock valued at $5,810,000 after purchasing an additional 9,251 shares during the last quarter. Finally, Meritage Portfolio Management lifted its stake in Fidelity National Information Services by 43.9% in the 1st quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider’s stock valued at $6,166,000 after purchasing an additional 25,203 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Down 0.1%

Shares of Fidelity National Information Services stock opened at $81.84 on Tuesday. The firm has a market capitalization of $43.00 billion, a PE ratio of 54.20 and a beta of 1.06. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $80.38 and its 200 day moving average is $76.89. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the firm posted $1.33 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services’s payout ratio is 105.96%.

Wall Street Analyst Weigh In

FIS has been the subject of several recent analyst reports. Royal Bank Of Canada cut their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Truist Financial raised their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 17th. Citigroup upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and raised their target price for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Stephens raised their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Finally, UBS Group raised their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.00.

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.