Archford Capital Strategies LLC Lowers Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Archford Capital Strategies LLC lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 88.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,758 shares of the information technology services provider's stock after selling 29,685 shares during the period. Archford Capital Strategies LLC's holdings in Fidelity National Information Services were worth $281,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FIS. Moran Wealth Management LLC boosted its holdings in Fidelity National Information Services by 6.4% in the 1st quarter. Moran Wealth Management LLC now owns 254,320 shares of the information technology services provider's stock valued at $18,993,000 after purchasing an additional 15,341 shares in the last quarter. FORM Wealth Advisors LLC purchased a new stake in Fidelity National Information Services in the 1st quarter valued at approximately $485,000. Asset Management One Co. Ltd. boosted its holdings in Fidelity National Information Services by 3.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 243,016 shares of the information technology services provider's stock valued at $18,148,000 after purchasing an additional 8,877 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Fidelity National Information Services in the 1st quarter valued at approximately $276,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Fidelity National Information Services by 4.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,031 shares of the information technology services provider's stock valued at $1,571,000 after purchasing an additional 869 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the transaction, the director now owns 11,942 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Fidelity National Information Services Trading Up 1.1%

FIS traded up $0.90 during trading on Friday, hitting $80.90. The company's stock had a trading volume of 4,300,733 shares, compared to its average volume of 3,361,075. The firm's 50 day moving average price is $79.42 and its 200-day moving average price is $76.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $42.51 billion, a PE ratio of 53.58, a PEG ratio of 1.50 and a beta of 1.06. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. Fidelity National Information Services's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. On average, analysts expect 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 was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.98%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial assumed coverage on Fidelity National Information Services in a report on Monday, June 2nd. They issued a "hold" rating and a $84.00 price objective on the stock. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective on the stock in a report on Wednesday, April 23rd. Royal Bank Of Canada lowered their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. UBS Group boosted their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird boosted their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

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.