Cypress Wealth Services LLC Decreases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cypress Wealth Services LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 49.2% during the 1st quarter, Holdings Channel reports. The firm owned 4,097 shares of the information technology services provider’s stock after selling 3,968 shares during the quarter. Cypress Wealth Services LLC’s holdings in Fidelity National Information Services were worth $304,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake 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 worth $166,408,000 after purchasing an additional 1,016,719 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth $1,244,000. Quest Partners LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth $653,000. Jump Financial LLC purchased a new stake in Fidelity National Information Services in the 4th quarter worth $752,000. Finally, Dimensional Fund Advisors LP lifted its stake in Fidelity National Information Services by 25.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock worth $301,194,000 after purchasing an additional 1,027,466 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction dated Monday, April 15th. The stock was purchased at an average price of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FIS has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a report on Tuesday, May 7th. Royal Bank of Canada boosted their target price on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. The Goldman Sachs Group initiated coverage on shares of Fidelity National Information Services in a report on Thursday, February 29th. They issued a “buy” rating and a $84.00 target price on the stock. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Finally, Bank of America boosted their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Eight equities research 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.32.

Fidelity National Information Services Trading Down 0.5 %

FIS stock traded down $0.36 during mid-day trading on Thursday, reaching $74.63. The company had a trading volume of 3,142,298 shares, compared to its average volume of 4,439,675. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $41.51 billion, a PE ratio of -7.23, a price-to-earnings-growth ratio of 0.77 and a beta of 1.05. The firm has a 50 day moving average of $74.64 and a 200 day moving average of $68.51. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $78.73.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 EPS. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.93%. Fidelity National Information Services’s payout ratio is presently -14.08%.

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.