Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 5.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,971 shares of the information technology services provider’s stock after selling 1,521 shares during the quarter. Annex Advisory Services LLC’s holdings in Fidelity National Information Services were worth $2,149,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Fidelity National Information Services by 51.0% during 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 acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $1,244,000. Quest Partners LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $653,000. Jump Financial LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $752,000. Finally, Dimensional Fund Advisors LP grew its position in Fidelity National Information Services by 25.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,013,537 shares of the information technology services provider’s stock valued at $301,194,000 after acquiring an additional 1,027,466 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BNP Paribas downgraded shares of 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 report on Thursday, April 11th. Truist Financial increased their price objective on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Mizuho increased their price objective on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Evercore ISI raised their price target on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research report on Tuesday, May 7th. Finally, Susquehanna raised their price target on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a research report on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.32.

Fidelity National Information Services Stock Performance

FIS stock opened at $75.20 on Wednesday. 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 has a market capitalization of $41.83 billion, a price-to-earnings ratio of -7.35, a PEG ratio of 0.78 and a beta of 1.05. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $78.73. The stock’s fifty day moving average is $74.54 and its two-hundred day moving average is $68.46.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results 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 company 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 last year, the business posted $1.29 earnings per share. On average, research analysts predict that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Monday, June 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Buying and Selling 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 shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Fidelity National Information Services 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.