Massmutual Trust Co. FSB ADV Has $94,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Massmutual Trust Co. FSB ADV grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 36.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,262 shares of the information technology services provider’s stock after purchasing an additional 340 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Fidelity National Information Services were worth $94,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIS. Kestra Advisory Services LLC grew its position in Fidelity National Information Services by 39.4% during the third quarter. Kestra Advisory Services LLC now owns 12,791 shares of the information technology services provider’s stock worth $707,000 after buying an additional 3,614 shares in the last quarter. LPL Financial LLC boosted its holdings in Fidelity National Information Services by 9.6% during the third quarter. LPL Financial LLC now owns 297,275 shares of the information technology services provider’s stock valued at $16,430,000 after purchasing an additional 25,992 shares in the last quarter. Mariner LLC boosted its holdings in Fidelity National Information Services by 38.0% during the third quarter. Mariner LLC now owns 104,490 shares of the information technology services provider’s stock valued at $5,775,000 after purchasing an additional 28,792 shares in the last quarter. Stifel Financial Corp boosted its holdings in Fidelity National Information Services by 25.6% during the third quarter. Stifel Financial Corp now owns 294,582 shares of the information technology services provider’s stock valued at $16,282,000 after purchasing an additional 60,036 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Fidelity National Information Services by 541.2% during the third quarter. Federated Hermes Inc. now owns 555,868 shares of the information technology services provider’s stock valued at $30,723,000 after purchasing an additional 469,175 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $75.96 on Friday. The firm has a fifty day moving average of $74.36 and a two-hundred day moving average of $68.11. The stock has a market capitalization of $42.25 billion, a price-to-earnings ratio of -7.43, a PEG ratio of 0.79 and a beta of 1.05. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $78.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 4.96 EPS for the current year.

Fidelity National Information Services announced that its Board of Directors has approved a stock repurchase program on Monday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 775 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was bought at an average price of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now directly owns 9,052 shares of the company’s stock, valued at $655,093.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FIS has been the topic of a number of recent research reports. UBS Group lifted their price objective on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Truist Financial lifted their target price on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. TD Cowen lifted their target price on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $79.32.

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.