Olstein Capital Management L.P. Acquires 39,000 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Olstein Capital Management L.P. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 50.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 117,000 shares of the information technology services provider’s stock after acquiring an additional 39,000 shares during the period. Fidelity National Information Services makes up about 1.6% of Olstein Capital Management L.P.’s holdings, making the stock its 14th largest holding. Olstein Capital Management L.P.’s holdings in Fidelity National Information Services were worth $8,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FIS. Millington Financial Advisors LLC lifted its position in shares of Fidelity National Information Services by 8.9% in the first quarter. Millington Financial Advisors LLC now owns 26,749 shares of the information technology services provider’s stock worth $1,935,000 after buying an additional 2,195 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Fidelity National Information Services by 17.4% during the 1st quarter. Capital Investment Advisors LLC now owns 3,584 shares of the information technology services provider’s stock valued at $268,000 after buying an additional 530 shares in the last quarter. Kennebec Savings Bank increased its stake in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 186 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Fidelity National Information Services by 5.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 6,432 shares of the information technology services provider’s stock worth $480,000 after acquiring an additional 314 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its position in shares of Fidelity National Information Services by 1.1% during the 1st quarter. Princeton Global Asset Management LLC now owns 28,963 shares of the information technology services provider’s stock valued at $2,163,000 after acquiring an additional 326 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $81.22 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $76.62 and its two-hundred day moving average is $77.38. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a market capitalization of $42.67 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. As a group, analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. Fidelity National Information Services’s dividend payout ratio is currently 105.96%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Stephens lifted their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Truist Financial began coverage on shares of Fidelity National Information Services in a research report on Monday, June 2nd. They set a “hold” rating and a $84.00 target price on the stock. Barclays dropped their price target 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. Finally, William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 844 shares of the 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 acquisition, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.21% of the company’s stock.

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.