MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Raises Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 74.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 152,016 shares of the information technology services provider’s stock after purchasing an additional 65,073 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Fidelity National Information Services were worth $11,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kennebec Savings Bank lifted its position in Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 186 shares during the period. OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the fourth quarter valued at $40,000. CoreCap Advisors LLC lifted its position in Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock valued at $46,000 after buying an additional 509 shares during the period. Brown Brothers Harriman & Co. lifted its position in Fidelity National Information Services by 139.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 371 shares during the period. Finally, Harbor Investment Advisory LLC lifted its position in Fidelity National Information Services by 109.8% during the first quarter. Harbor Investment Advisory LLC now owns 770 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 403 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays lowered their price objective on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Robert W. Baird lifted their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a research report on Friday, April 4th. Truist Financial started coverage on Fidelity National Information Services in a research report on Monday, June 2nd. They issued a “hold” rating and a $84.00 price target for the company. Citigroup raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, UBS Group lifted their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.

Fidelity National Information Services Price Performance

NYSE FIS opened at $79.29 on Friday. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The stock has a 50-day moving average of $77.56 and a 200 day moving average of $77.28. The company has a market capitalization of $41.66 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $1.33 EPS. Fidelity National Information Services’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. Fidelity National Information Services’s dividend payout ratio is currently 105.96%.

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.