Scotia Capital Inc. Acquires Shares of 43,444 Fidelity National Information Services, Inc. (NYSE:FIS)

by · The Markets Daily

Scotia Capital Inc. acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 43,444 shares of the information technology services provider’s stock, valued at approximately $3,244,000.

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

Fidelity National Information Services Stock Performance

NYSE FIS opened at $72.13 on Wednesday. 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 fifty day moving average price is $80.31 and its two-hundred day moving average price is $76.90. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The firm has a market capitalization of $37.90 billion, a P/E ratio of 47.77 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS – Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting the consensus estimate of $1.36. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.2%. Fidelity National Information Services’s dividend payout ratio is currently 105.96%.

Wall Street Analyst Weigh In

FIS has been the topic of several recent research reports. UBS Group raised their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Citigroup raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Oppenheimer raised shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a research note on Wednesday, April 23rd. Truist Financial lifted their price objective 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. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Read Our Latest Report on Fidelity National Information Services

Fidelity National Information Services Company Profile

(Free Report)

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.

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