Fidelity National Information Services, Inc. (NYSE:FIS) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC grew its position in Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,666 shares of the information technology services provider’s stock after buying an additional 607 shares during the quarter. Global Retirement Partners LLC’s holdings in Fidelity National Information Services were worth $469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIS. OFI Invest Asset Management acquired a new position in shares of Fidelity National Information Services in the third quarter worth about $25,000. Baystate Wealth Management LLC boosted its holdings in shares of Fidelity National Information Services by 332.1% during the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 372 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 130 shares during the period. McCarthy Grittinger Financial Group LLC boosted its holdings in shares of Fidelity National Information Services by 101.1% during the third quarter. McCarthy Grittinger Financial Group LLC now owns 573 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 288 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $35,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on FIS. The Goldman Sachs Group began coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They set a “buy” rating and a $84.00 price target for the company. UBS Group raised their price target on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Truist Financial raised their price target on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. Mizuho raised their price target on shares of Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Morgan Stanley lifted their target price on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $70.73.

Check Out Our Latest Stock Report on FIS

Fidelity National Information Services Trading Down 2.0 %

NYSE:FIS opened at $72.72 on Tuesday. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75. The firm has a market cap of $41.92 billion, a price-to-earnings ratio of -6.47, a P/E/G ratio of 0.94 and a beta of 0.97. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $66.28 and its 200-day moving average is $59.72.

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

Fidelity National Information Services Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, March 7th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -12.81%.

Fidelity National Information Services declared that its Board of Directors has initiated 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 buy up to 1.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Ellen R. Alemany bought 735 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were acquired at an average price of $60.32 per share, with a total value of $44,335.20. Following the completion of the transaction, the director now owns 35,333 shares of the company’s stock, valued at approximately $2,131,286.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is currently owned by insiders.

Fidelity National Information Services Company 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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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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