Allspring Global Investments Holdings LLC Sells 1,119 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Allspring Global Investments Holdings LLC decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,414 shares of the information technology services provider’s stock after selling 1,119 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Fidelity National Information Services were worth $1,827,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIS. International Assets Investment Management LLC purchased a new position in shares of Fidelity National Information Services during the 4th quarter valued at $2,461,000. Olstein Capital Management L.P. boosted its position in Fidelity National Information Services by 3.9% during the fourth quarter. Olstein Capital Management L.P. now owns 106,000 shares of the information technology services provider’s stock worth $6,367,000 after purchasing an additional 4,000 shares during the period. Equitable Trust Co. raised its position in shares of Fidelity National Information Services by 3,740.6% in the fourth quarter. Equitable Trust Co. now owns 234,394 shares of the information technology services provider’s stock valued at $14,080,000 after purchasing an additional 228,291 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Fidelity National Information Services by 10.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 178,231 shares of the information technology services provider’s stock valued at $10,723,000 after buying an additional 16,337 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $278,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on FIS shares. Mizuho raised their price target on Fidelity National Information Services from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Evercore ISI increased their price target on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Robert W. Baird lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a research report on Thursday, February 29th. They set a “buy” rating and a $84.00 price target for the company. Finally, Truist Financial increased their price objective on Fidelity National Information Services from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.59.

Fidelity National Information Services Stock Up 0.8 %

Shares of NYSE FIS opened at $71.30 on Tuesday. The stock has a market capitalization of $41.10 billion, a P/E ratio of -6.34, a PEG ratio of 0.89 and a beta of 0.97. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $74.75. The firm’s 50 day simple moving average is $69.40 and its two-hundred day simple moving average is $61.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75.

Fidelity National Information Services (NYSE:FIS) last issued its 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 positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the business earned $1.71 EPS. Fidelity National Information Services’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts expect that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.02%. 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 repurchase plan 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 reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 775 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.68% of the company’s stock.

Fidelity National Information Services 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.