Advisory Services Network LLC Has $805,000 Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Advisory Services Network LLC reduced its stake in Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 64.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,402 shares of the information technology services provider’s stock after selling 24,587 shares during the period. Advisory Services Network LLC’s holdings in Fidelity National Information Services were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIS. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $29,000. Delta Asset Management LLC TN lifted its stake in shares of Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $35,000. Criterion Capital Advisors LLC acquired a new position in Fidelity National Information Services in the 4th quarter worth about $40,000. Finally, ORG Partners LLC bought a new position in Fidelity National Information Services in the fourth quarter valued at about $48,000. 96.23% of the stock is owned by institutional investors.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction on 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 in the company, valued at approximately $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIS. Royal Bank of Canada boosted their price target on Fidelity National Information Services from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Truist Financial raised their price target 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. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Barclays raised their target price on Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Finally, UBS Group upped their price target on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average target price of $78.74.

Get Our Latest Report on Fidelity National Information Services

Fidelity National Information Services Stock Up 2.4 %

Shares of NYSE FIS opened at $75.87 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $46.91 and a 12-month high of $78.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The firm has a market cap of $42.20 billion, a PE ratio of -7.42, a P/E/G ratio of 0.76 and a beta of 0.98. The company’s fifty day simple moving average is $73.21 and its 200 day simple moving average is $65.96.

Fidelity National Information Services (NYSE:FISGet Free Report) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the business posted $1.29 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Fidelity National Information Services, Inc. will post 4.96 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its Board of Directors has initiated a stock buyback plan 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 reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are 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 issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently -14.08%.

Fidelity National Information Services 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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