Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by Teachers Retirement System of The State of Kentucky (2024)

Teachers Retirement System of The State of Kentucky increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 27.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,571 shares of the information technology services provider's stock after purchasing an additional 71,934 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Fidelity National Information Services worth $20,157,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its stake in Fidelity National Information Services by 14.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider's stock valued at $79,000 after buying an additional 166 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Fidelity National Information Services by 9.2% in the third quarter. Parkside Financial Bank & Trust now owns 2,417 shares of the information technology services provider's stock valued at $134,000 after buying an additional 203 shares during the last quarter. First Business Financial Services Inc. raised its stake in Fidelity National Information Services by 4.4% in the third quarter. First Business Financial Services Inc. now owns 5,514 shares of the information technology services provider's stock valued at $305,000 after buying an additional 230 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Fidelity National Information Services by 1.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,603 shares of the information technology services provider's stock valued at $1,178,000 after buying an additional 232 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Fidelity National Information Services by 7.5% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 3,397 shares of the information technology services provider's stock valued at $204,000 after buying an additional 237 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 775 shares of the firm's stock in a transaction dated Monday, April 15th. The shares were acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FIS. Bank of America increased their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $75.00 to $83.00 and gave the company an "overweight" rating in a report on Tuesday, May 28th. Wedbush reissued an "outperform" rating and issued a $75.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, May 8th. TheStreet raised Fidelity National Information Services from a "d" rating to a "c" rating in a report on Monday, February 26th. Finally, Barclays increased their price objective on Fidelity National Information Services from $83.00 to $85.00 and gave the company an "overweight" rating in a report on Thursday, May 9th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $79.32.

Check Out Our Latest Stock Analysis on Fidelity National Information Services

Fidelity National Information Services Price Performance

FIS stock traded down $0.50 during mid-day trading on Friday, reaching $76.57. 4,025,448 shares of the company's stock were exchanged, compared to its average volume of 3,664,591. The company has a market cap of $42.59 billion, a price-to-earnings ratio of -7.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.05. The stock's 50 day moving average is $73.96 and its 200 day moving average is $67.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $78.73.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. Fidelity National Information Services's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 earnings per share. On average, research analysts expect that Fidelity National Information Services, Inc. will post 4.96 EPS for the current year.

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

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a $0.36 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.88%. Fidelity National Information Services's dividend payout ratio (DPR) is presently -14.08%.

Fidelity National Information Services Profile

(Free Report)

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.

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