Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 45.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,587 shares of the information technology services provider’s stock after selling 6,342 shares during the period. OLD National Bancorp IN’s holdings in Fidelity National Information Services were worth $567,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FIS. Bradley Foster & Sargent Inc. CT raised its holdings in Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 128 shares during the period. Modera Wealth Management LLC increased its position in shares of Fidelity National Information Services by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider’s stock valued at $242,000 after buying an additional 137 shares in the last quarter. Center for Financial Planning Inc. raised its stake in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock worth $303,000 after buying an additional 138 shares during the period. Retirement Wealth Solutions LLC lifted its position in shares of Fidelity National Information Services by 3.7% during the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider’s stock valued at $309,000 after buying an additional 146 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Fidelity National Information Services by 8.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider’s stock valued at $150,000 after acquiring an additional 153 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now owns 11,942 shares of the company’s stock, valued at approximately $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Fidelity National Information Services Stock Up 0.6%

NYSE FIS opened at $81.71 on Tuesday. The business’s fifty day simple moving average is $76.74 and its 200-day simple moving average is $77.35. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. The firm has a market cap of $42.93 billion, a PE ratio of 31.31, a P/E/G ratio of 1.23 and a beta of 1.06. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. Fidelity National Information Services’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $1.33 earnings per share. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FIS shares. Truist Financial started coverage on shares of Fidelity National Information Services in a report on Monday, June 2nd. They set a “hold” rating and a $84.00 price objective on the stock. TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Monday, April 21st. Citigroup upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $79.00 to $86.00 in a report on Monday, April 21st. Wells Fargo & Company reduced their target price on Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Oppenheimer upgraded Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 target price on the stock in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.75.

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.