Susquehanna Fundamental Investments LLC Purchases Shares of 25,438 Fidelity National Information Services, Inc. (NYSE:FIS)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 25,438 shares of the information technology services provider’s stock, valued at approximately $3,604,000.

A number of other hedge funds also recently added to or reduced their stakes in FIS. Capital International Investors boosted its stake in Fidelity National Information Services by 32.5% during the 1st quarter. Capital International Investors now owns 24,292,463 shares of the information technology services provider’s stock valued at $3,416,150,000 after purchasing an additional 5,957,633 shares during the last quarter. BlackRock Inc. boosted its stake in Fidelity National Information Services by 9.2% during the 1st quarter. BlackRock Inc. now owns 47,042,904 shares of the information technology services provider’s stock valued at $6,614,703,000 after purchasing an additional 3,971,473 shares during the last quarter. Boston Partners boosted its stake in Fidelity National Information Services by 406.4% during the 1st quarter. Boston Partners now owns 2,418,020 shares of the information technology services provider’s stock valued at $340,362,000 after purchasing an additional 1,940,573 shares during the last quarter. Select Equity Group L.P. boosted its stake in Fidelity National Information Services by 30.4% during the 1st quarter. Select Equity Group L.P. now owns 6,953,868 shares of the information technology services provider’s stock valued at $977,783,000 after purchasing an additional 1,620,142 shares during the last quarter. Finally, Steadfast Capital Management LP boosted its stake in Fidelity National Information Services by 37.8% during the 1st quarter. Steadfast Capital Management LP now owns 3,715,011 shares of the information technology services provider’s stock valued at $522,368,000 after purchasing an additional 1,018,201 shares during the last quarter. Institutional investors and hedge funds own 89.17% of the company’s stock.

A number of equities analysts have recently weighed in on the company. TheStreet downgraded Fidelity National Information Services from a “b-” rating to a “c+” rating in a research note on Friday, September 10th. Truist downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 target price on the stock. in a research note on Monday, June 7th. They noted that the move was a valuation call. Raymond James cut their target price on Fidelity National Information Services from $194.00 to $178.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, August 4th. Mizuho restated a “buy” rating and issued a $185.00 target price on shares of Fidelity National Information Services in a research note on Wednesday, June 30th. Finally, Oppenheimer cut their target price on Fidelity National Information Services from $169.00 to $157.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 4th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Buy” and an average price target of $164.57.

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 2,222 shares of the stock in a transaction on Monday, August 9th. The shares were acquired at an average price of $134.05 per share, with a total value of $297,859.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

Fidelity National Information Services stock opened at $121.38 on Wednesday. Fidelity National Information Services, Inc. has a 12 month low of $120.17 and a 12 month high of $155.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $133.84 and its 200 day simple moving average is $142.50. The company has a market cap of $74.98 billion, a price-to-earnings ratio of 867.06, a PEG ratio of 1.27 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 3rd. The information technology services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. Fidelity National Information Services had a return on equity of 7.62% and a net margin of 0.69%. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. Fidelity National Information Services’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 6.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 10th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $1.56 dividend on an annualized basis and a yield of 1.29%. Fidelity National Information Services’s payout ratio is 28.57%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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