Osborne Partners Capital Management LLC Acquires 2,767 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Osborne Partners Capital Management LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 104,618 shares of the information technology services provider’s stock after purchasing an additional 2,767 shares during the period. Osborne Partners Capital Management LLC’s holdings in Fidelity National Information Services were worth $7,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kennebec Savings Bank boosted its stake in shares of 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 purchasing an additional 186 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $40,000. CoreCap Advisors LLC boosted its stake in shares of 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 purchasing an additional 509 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of 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 purchasing an additional 371 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of 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 purchasing an additional 403 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FIS shares. Citigroup upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and increased their price objective for the company from $79.00 to $86.00 in a research note on Monday, April 21st. 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. Royal Bank Of Canada lowered 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 research note on Wednesday, May 7th. Truist Financial assumed coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They issued a “hold” rating and a $84.00 target price for the company. Finally, TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Fidelity National Information Services Trading Up 0.0%

NYSE:FIS opened at $80.46 on Friday. 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 $78.35 and a 200-day simple moving average of $77.21. 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 company has a market capitalization of $42.28 billion, a P/E ratio of 53.29, a PEG ratio of 1.50 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company posted $1.33 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.99%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Company 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.