Vestmark Advisory Solutions Inc. Trims Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Vestmark Advisory Solutions Inc. trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,335 shares of the information technology services provider’s stock after selling 2,912 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Fidelity National Information Services were worth $1,822,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Fidelity National Information Services by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock valued at $166,408,000 after purchasing an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Fidelity National Information Services during the fourth quarter worth about $1,244,000. Korea Investment CORP increased its stake in Fidelity National Information Services by 5.5% in the 3rd quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock worth $11,890,000 after acquiring an additional 11,181 shares during the last quarter. Sapient Capital LLC purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $1,076,000. Finally, Alpha Cubed Investments LLC boosted its position in shares of Fidelity National Information Services by 48.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 160,439 shares of the information technology services provider’s stock valued at $9,638,000 after acquiring an additional 52,223 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction on Monday, April 15th. The shares were acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now owns 9,052 shares in the company, valued at $655,093.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FIS shares. Evercore ISI raised their target price on shares of Fidelity National Information Services from $62.00 to $75.00 and gave the company an “in-line” rating in a research note on Tuesday, April 30th. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Mizuho increased their target price on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. BNP Paribas lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a research note on Thursday, April 11th. Finally, Truist Financial increased their price objective 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. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.50.

Fidelity National Information Services Trading Up 1.9 %

Fidelity National Information Services stock traded up $1.29 during trading hours on Friday, reaching $70.72. The stock had a trading volume of 3,571,205 shares, compared to its average volume of 3,578,831. The company has a fifty day simple moving average of $70.56 and a 200-day simple moving average of $62.46. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $74.75. The stock has a market cap of $39.71 billion, a PE ratio of -6.29, a PEG ratio of 0.88 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 earnings per share. Analysts forecast that Fidelity National Information Services, Inc. will post 4.71 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has authorized a share repurchase program on Monday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

Fidelity National Information Services Announces Dividend

The firm 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 dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.04%. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Fidelity National Information Services 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.