Zions Bancorporation National Association UT Makes New $91,000 Investment in Fidelity National Information Services, Inc. (NYSE:FIS)

Zions Bancorporation National Association UT acquired a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,217 shares of the information technology services provider’s stock, valued at approximately $91,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new position in shares of Fidelity National Information Services in the 1st quarter valued at $276,000. Brown Advisory Inc. increased its holdings in shares of 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 acquiring an additional 47,086 shares during the period. Compass Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 9,251 shares during the period. Brighton Jones LLC acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $347,000. Finally, Meritage Portfolio Management increased its holdings in shares of 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 acquiring an additional 25,203 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Information Services from $92.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Monday, April 21st. Royal Bank Of Canada dropped their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. UBS Group dropped their price objective on shares of Fidelity National Information Services from $84.00 to $82.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Finally, Truist Financial boosted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.63.

Fidelity National Information Services Trading Down 1.8%

Shares of FIS stock opened at $69.87 on Tuesday. The firm has a 50-day moving average price of $79.60 and a 200 day moving average price of $76.65. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a market capitalization of $36.50 billion, a price-to-earnings ratio of 388.18 and a beta of 1.04. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $1.36 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. 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 will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio is 888.89%.

Fidelity National Information Services 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.