Bank of New York Mellon Corp Decreases Holdings in Fidelity National Information Services, Inc. $FIS

Bank of New York Mellon Corp decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 3.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,283,231 shares of the information technology services provider’s stock after selling 109,102 shares during the period. Bank of New York Mellon Corp owned approximately 0.62% of Fidelity National Information Services worth $267,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at about $347,000. Private Trust Co. NA boosted its holdings in Fidelity National Information Services by 9.9% during the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider’s stock valued at $124,000 after acquiring an additional 149 shares during the period. Wayfinding Financial LLC purchased a new stake in Fidelity National Information Services during the 1st quarter valued at about $43,000. Financial Counselors Inc. grew its position in Fidelity National Information Services by 66.9% during the 1st quarter. Financial Counselors Inc. now owns 123,430 shares of the information technology services provider’s stock worth $9,218,000 after acquiring an additional 49,474 shares during the last quarter. Finally, Richard Bernstein Advisors LLC purchased a new position in Fidelity National Information Services in the 1st quarter worth approximately $3,315,000. 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 acquired 889 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were acquired at an average price of $67.66 per share, with a total value of $60,149.74. Following the completion of the purchase, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. The trade was a 7.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIS. Citigroup raised Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Stephens dropped their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. UBS Group raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Tuesday, September 30th. Truist Financial lowered their price objective on shares of Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.25.

Fidelity National Information Services Trading Up 1.4%

FIS opened at $63.09 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Fidelity National Information Services, Inc. has a 52 week low of $59.51 and a 52 week high of $90.16. The stock has a market cap of $32.96 billion, a PE ratio of 350.52 and a beta of 1.05. The business has a 50 day moving average of $66.62 and a 200-day moving average of $74.13.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.36. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%.The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share. Equities research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 888.89%.

About Fidelity National Information Services

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.