Atria Wealth Solutions Inc. Has $528,000 Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Atria Wealth Solutions Inc. cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,072 shares of the information technology services provider’s stock after selling 856 shares during the period. Atria Wealth Solutions Inc.’s holdings in Fidelity National Information Services were worth $528,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FIS. Brighton Jones LLC acquired a new stake in Fidelity National Information Services during the 4th quarter worth approximately $347,000. Bridgewater Associates LP raised its holdings in Fidelity National Information Services by 96.7% during the 4th quarter. Bridgewater Associates LP now owns 289,055 shares of the information technology services provider’s stock worth $23,347,000 after purchasing an additional 142,126 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Fidelity National Information Services by 4.5% during the 4th quarter. NewEdge Advisors LLC now owns 58,207 shares of the information technology services provider’s stock worth $4,701,000 after purchasing an additional 2,484 shares during the last quarter. Marshall Wace LLP raised its holdings in Fidelity National Information Services by 13,947.5% during the 4th quarter. Marshall Wace LLP now owns 449,800 shares of the information technology services provider’s stock worth $36,330,000 after purchasing an additional 446,598 shares during the last quarter. Finally, Farringdon Capital Ltd. bought a new position in Fidelity National Information Services during the 4th quarter worth approximately $945,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

FIS opened at $72.82 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $38.04 billion, a price-to-earnings ratio of 404.58 and a beta of 1.04. The firm’s fifty day moving average price is $79.28 and its two-hundred day moving average price is $76.59. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.36. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a net margin of 1.09% and a return on equity of 18.73%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Fidelity National Information Services’s payout ratio is currently 888.89%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FIS shares. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $92.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, August 6th. TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Monday, April 21st. Citigroup upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and raised their price target for the stock from $79.00 to $86.00 in a report on Monday, April 21st. UBS Group lowered their price target on shares of Fidelity National Information Services from $84.00 to $82.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Truist Financial lifted their price objective on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.63.

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.