Thrivent Financial for Lutherans Sells 41,873 Shares of Fidelity National Information Services, Inc. $FIS

Thrivent Financial for Lutherans lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 40.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,110 shares of the information technology services provider’s stock after selling 41,873 shares during the period. Thrivent Financial for Lutherans’ holdings in Fidelity National Information Services were worth $4,029,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Fidelity National Information Services by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 63,019,323 shares of the information technology services provider’s stock valued at $5,130,403,000 after purchasing an additional 376,499 shares during the last quarter. Dodge & Cox boosted its stake in Fidelity National Information Services by 1.3% during the second quarter. Dodge & Cox now owns 35,274,497 shares of the information technology services provider’s stock worth $2,871,697,000 after buying an additional 466,199 shares during the period. Geode Capital Management LLC increased its position in Fidelity National Information Services by 0.4% during the second quarter. Geode Capital Management LLC now owns 13,288,097 shares of the information technology services provider’s stock valued at $1,077,157,000 after acquiring an additional 48,968 shares during the last quarter. Boston Partners raised its stake in shares of Fidelity National Information Services by 10.5% in the second quarter. Boston Partners now owns 11,820,211 shares of the information technology services provider’s stock valued at $958,537,000 after acquiring an additional 1,122,181 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity National Information Services by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,224,056 shares of the information technology services provider’s stock worth $832,141,000 after acquiring an additional 97,843 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 941 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the transaction, the director owned 14,529 shares of the company’s stock, valued at $931,454.19. The trade was a 6.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Fidelity National Information Services Stock Performance

FIS stock opened at $51.90 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. Fidelity National Information Services, Inc. has a 1-year low of $50.48 and a 1-year high of $83.97. The business has a 50-day moving average price of $63.38 and a 200 day moving average price of $66.58. The company has a market capitalization of $26.88 billion, a P/E ratio of 192.22, a PEG ratio of 0.77 and a beta of 0.90.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Wednesday, November 5th. The information technology services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Fidelity National Information Services had a net margin of 1.45% and a return on equity of 19.76%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.4%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, March 10th. Fidelity National Information Services’s payout ratio is presently 592.59%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FIS. UBS Group increased their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $70.00 price target on shares of Fidelity National Information Services in a research note on Thursday, January 15th. Wells Fargo & Company began coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price objective on the stock. Truist Financial decreased their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, November 19th. Finally, Jefferies Financial Group lowered their target price on shares of Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $79.53.

Fidelity National Information Services Company Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.