931 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the first quarter, HoldingsChannel.com reports. The fund purchased 931 shares of the information technology services provider’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC grew its holdings in Fidelity National Information Services by 3.7% during the first quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider’s stock valued at $309,000 after purchasing an additional 146 shares during the period. Stonebrook Private Inc. grew its holdings in Fidelity National Information Services by 0.6% during the first quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock valued at $1,824,000 after purchasing an additional 146 shares during the period. Integrated Advisors Network LLC grew its holdings in Fidelity National Information Services by 4.7% during the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider’s stock valued at $245,000 after purchasing an additional 147 shares during the period. Private Trust Co. NA grew its holdings in Fidelity National Information Services by 9.9% during the first quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider’s stock valued at $124,000 after purchasing an additional 149 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Fidelity National Information Services by 8.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider’s stock valued at $150,000 after purchasing an additional 153 shares during the period. 96.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FIS shares. 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 report on Thursday, July 17th. Oppenheimer upgraded shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a report on Wednesday, April 23rd. TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Monday, April 21st. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Finally, UBS Group reduced their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.63.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $69.87 on Tuesday. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The firm has a fifty day simple moving average of $79.60 and a 200 day simple moving average of $76.65. The stock 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 posted its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. Fidelity National Information Services’s dividend payout ratio is presently 888.89%.

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.