Cypress Wealth Services LLC decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 28.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,928 shares of the information technology services provider’s stock after selling 1,169 shares during the period. Cypress Wealth Services LLC’s holdings in Fidelity National Information Services were worth $221,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $29,000. Rise Advisors LLC purchased a new stake in Fidelity National Information Services in the 1st quarter worth about $29,000. Delta Asset Management LLC TN boosted its holdings in shares of 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 purchased a new position in shares of Fidelity National Information Services during the 1st quarter valued at $37,000. Finally, Criterion Capital Advisors LLC acquired a new stake in Fidelity National Information Services during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 96.23% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. UBS Group increased their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday. 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. William Blair reissued an “outperform” rating on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. TD Cowen upped their price target on Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Evercore ISI boosted their target price on 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. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $80.45.
Fidelity National Information Services Price Performance
NYSE FIS traded up $1.16 during trading on Friday, reaching $77.59. 2,576,083 shares of the company traded hands, compared to its average volume of 4,137,733. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s 50 day moving average price is $75.82 and its two-hundred day moving average price is $71.88. The company has a market cap of $43.16 billion, a price-to-earnings ratio of -7.58, a P/E/G ratio of 0.77 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $78.73.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. As a group, analysts anticipate that Fidelity National Information Services, Inc. will post 4.94 EPS for the current year.
Fidelity National Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is -14.08%.
Insider Transactions at Fidelity National Information Services
In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is 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.
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