Kestra Private Wealth Services LLC Trims Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Kestra Private Wealth Services LLC reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 5.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,083 shares of the information technology services provider’s stock after selling 459 shares during the period. Kestra Private Wealth Services LLC’s holdings in Fidelity National Information Services were worth $486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIS. Commonwealth Equity Services LLC raised its holdings in Fidelity National Information Services by 79.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 125,574 shares of the information technology services provider’s stock valued at $6,941,000 after buying an additional 55,531 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Fidelity National Information Services by 1.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 31,489 shares of the information technology services provider’s stock valued at $1,740,000 after acquiring an additional 311 shares in the last quarter. Brown Advisory Inc. grew its position in Fidelity National Information Services by 49.3% in the 3rd quarter. Brown Advisory Inc. now owns 196,630 shares of the information technology services provider’s stock valued at $10,868,000 after acquiring an additional 64,914 shares in the last quarter. Mackenzie Financial Corp grew its position in Fidelity National Information Services by 24.8% in the 3rd quarter. Mackenzie Financial Corp now owns 81,737 shares of the information technology services provider’s stock valued at $4,393,000 after acquiring an additional 16,266 shares in the last quarter. Finally, Baystate Wealth Management LLC grew its position in Fidelity National Information Services by 332.1% in the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 372 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 775 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was acquired 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 $655,093.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $71.40 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75. The stock has a 50 day moving average of $70.64 and a two-hundred day moving average of $62.74. The stock has a market cap of $40.09 billion, a P/E ratio of -6.35, a P/E/G ratio of 0.88 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.94 earnings per share 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 analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the firm posted $1.71 EPS. Fidelity National Information Services’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current year.

Fidelity National Information Services announced that its board has approved a stock buyback program on Monday, February 26th that authorizes the company to buyback $500.00 million in 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 usually a sign that the company’s board of directors believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -12.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FIS shares. JPMorgan Chase & Co. lifted their target price on 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. Truist Financial lifted their target price on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. BNP Paribas downgraded Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price for the company. in a research report on Thursday, April 11th. Evercore ISI boosted their price objective on Fidelity National Information Services from $62.00 to $75.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley boosted their price objective on Fidelity National Information Services from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned 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 $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.