Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Cwm LLC

Cwm LLC lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 21.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,482 shares of the information technology services provider’s stock after selling 2,062 shares during the period. Cwm LLC’s holdings in Fidelity National Information Services were worth $449,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity National Information Services by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,498,166 shares of the information technology services provider’s stock worth $458,850,000 after purchasing an additional 33,881 shares during the period. Northern Trust Corp lifted its holdings in shares of Fidelity National Information Services by 10.6% during the third quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider’s stock worth $410,280,000 after purchasing an additional 708,947 shares during the period. London Co. of Virginia lifted its holdings in shares of Fidelity National Information Services by 59.4% during the third quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock worth $390,731,000 after purchasing an additional 2,633,196 shares during the period. Finally, Baupost Group LLC MA lifted its holdings in shares of Fidelity National Information Services by 2.7% during the third quarter. Baupost Group LLC MA now owns 6,960,219 shares of the information technology services provider’s stock worth $384,691,000 after purchasing an additional 185,219 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $67.20 on Thursday. 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 firm has a fifty day moving average price of $70.32 and a 200 day moving average price of $62.29. The company has a market cap of $37.73 billion, a P/E ratio of -5.98, a PEG ratio of 0.88 and a beta of 0.97. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75.

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). The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 EPS. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has initiated a stock repurchase plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.14%. Fidelity National Information Services’s payout ratio is currently -12.81%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was bought at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

FIS has been the subject of several recent research reports. UBS Group lifted their target price on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Truist Financial boosted 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 research report on Tuesday, February 27th. The Goldman Sachs Group began coverage on Fidelity National Information Services in a report on Thursday, February 29th. They set a “buy” rating and a $84.00 target price on the stock. Mizuho increased 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, JPMorgan Chase & Co. lifted their price target on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

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.