Tidal Investments LLC Sells 1,697 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Tidal Investments LLC cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,959 shares of the information technology services provider’s stock after selling 1,697 shares during the period. Tidal Investments LLC’s holdings in Fidelity National Information Services were worth $3,407,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at $29,000. Rise Advisors LLC bought a new stake in shares of Fidelity National Information Services during the 1st quarter valued at about $29,000. Delta Asset Management LLC TN grew its stake in Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares during the period. Palisade Asset Management LLC bought a new stake in Fidelity National Information Services in the first quarter worth approximately $37,000. Finally, Criterion Capital Advisors LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $40,000. 96.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FIS shares. Bank of America lifted their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Stephens reiterated an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Robert W. Baird raised their target price on Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Finally, BNP Paribas cut Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $79.42.

Fidelity National Information Services Stock Performance

FIS stock traded down $1.19 during mid-day trading on Thursday, hitting $75.64. The company had a trading volume of 370,176 shares, compared to its average volume of 4,121,905. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $78.73. The stock’s fifty day moving average price is $75.87 and its two-hundred day moving average price is $71.14. The firm has a market cap of $42.07 billion, a PE ratio of -7.51, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 EPS. On average, analysts forecast that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current fiscal year.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction on Monday, July 15th. The stock was acquired at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the purchase, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

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.