Great Lakes Retirement Inc. Has $1.16 Million Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Great Lakes Retirement Inc. raised its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,280 shares of the information technology services provider’s stock after purchasing an additional 643 shares during the period. Great Lakes Retirement Inc.’s holdings in Fidelity National Information Services were worth $1,158,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth $449,526,000. Vanguard Group Inc. lifted its holdings in shares of Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after acquiring an additional 6,503,451 shares during the last quarter. Norges Bank acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $390,114,000. JANA Partners Management LP bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $206,507,000. Finally, Lazard Asset Management LLC increased its position in Fidelity National Information Services by 660.0% during the 3rd quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider’s stock worth $183,944,000 after purchasing an additional 2,890,185 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Information Services

In related news, Director Ellen R. Alemany acquired 735 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were acquired at an average cost of $60.32 per share, for a total transaction of $44,335.20. Following the purchase, the director now owns 35,333 shares in the company, valued at $2,131,286.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.56% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial raised their price objective on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. UBS Group boosted their price target on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Mizuho raised their price target on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, Evercore ISI boosted their price objective on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.73.

Fidelity National Information Services Stock Up 1.6 %

NYSE FIS traded up $1.16 during mid-day trading on Thursday, hitting $74.62. The company’s stock had a trading volume of 2,943,994 shares, compared to its average volume of 4,717,327. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The company’s 50 day simple moving average is $65.42 and its 200 day simple moving average is $59.33. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.71. The firm has a market capitalization of $43.02 billion, a price-to-earnings ratio of -6.59, a PEG ratio of 0.91 and a beta of 0.97.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $1.71 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current year.

Fidelity National Information Services declared that its board has approved a stock buyback program on Monday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.36 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.93%. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

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.