Federated Hermes Inc. Sells 10,929 Shares of Fidelity National Information Services, Inc. $FIS

Federated Hermes Inc. trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 80.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,653 shares of the information technology services provider’s stock after selling 10,929 shares during the quarter. Federated Hermes Inc.’s holdings in Fidelity National Information Services were worth $175,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. EPG Wealth Management LLC grew its holdings in Fidelity National Information Services by 9.4% in the third quarter. EPG Wealth Management LLC now owns 10,403 shares of the information technology services provider’s stock worth $686,000 after purchasing an additional 891 shares during the last quarter. Stonegate Investment Group LLC raised its stake in Fidelity National Information Services by 4.6% in the third quarter. Stonegate Investment Group LLC now owns 22,655 shares of the information technology services provider’s stock valued at $1,494,000 after buying an additional 1,001 shares during the last quarter. LBP AM SA boosted its stake in Fidelity National Information Services by 1,777.2% in the 3rd quarter. LBP AM SA now owns 72,984 shares of the information technology services provider’s stock worth $4,813,000 after purchasing an additional 69,096 shares in the last quarter. CIBC Asset Management Inc grew its position in Fidelity National Information Services by 0.4% during the 3rd quarter. CIBC Asset Management Inc now owns 127,495 shares of the information technology services provider’s stock worth $8,407,000 after purchasing an additional 525 shares during the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Fidelity National Information Services in the third quarter worth $1,226,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 941 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the purchase, the director directly owned 14,529 shares in the company, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FIS. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their price objective on Fidelity National Information Services from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Jefferies Financial Group dropped their target price on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 14th. UBS Group raised their price target 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. Finally, Truist Financial decreased their price objective on shares of Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. Twelve investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.53.

Fidelity National Information Services Trading Down 2.6%

Shares of NYSE:FIS opened at $50.59 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64. Fidelity National Information Services, Inc. has a 12-month low of $50.22 and a 12-month high of $83.71. The business has a 50 day moving average of $63.06 and a two-hundred day moving average of $66.27. The company has a market capitalization of $26.20 billion, a PE ratio of 187.37, a PEG ratio of 0.77 and a beta of 0.91.

Fidelity National Information Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.5%. This is a boost 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 currently 592.59%.

Fidelity National Information Services 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.