Blair William & Co. IL Sells 94,313 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Key Points

• Blair William & Co. IL sold 94,313 shares of Fidelity National Information Services, reducing its holdings by 23.2%, and now owns 312,107 shares valued at approximately $23.3 million.
• Fidelity National Information Services recently reported earnings per share of $1.21 for the quarter, exceeding expectations and reflecting a 2.6% year-over-year revenue increase.
• The firm announced a quarterly dividend of $0.40 per share, with a high dividend payout ratio of 105.96%, indicating a commitment to returning value to shareholders.

Blair William & Co. IL lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 23.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,107 shares of the information technology services provider's stock after selling 94,313 shares during the quarter. Blair William & Co. IL owned about 0.06% of Fidelity National Information Services worth $23,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. bought a new position in Fidelity National Information Services during the first quarter valued at about $276,000. Brown Advisory Inc. increased its holdings in shares of Fidelity National Information Services by 16.7% during the 1st quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock valued at $24,594,000 after acquiring an additional 47,086 shares during the last quarter. Compass Wealth Management LLC raised its stake in shares of Fidelity National Information Services by 13.5% in the 1st quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock valued at $5,810,000 after acquiring an additional 9,251 shares in the last quarter. Brighton Jones LLC acquired a new stake in Fidelity National Information Services in the 4th quarter worth approximately $347,000. Finally, Meritage Portfolio Management boosted its position in Fidelity National Information Services by 43.9% during the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock worth $6,166,000 after purchasing an additional 25,203 shares during the period. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

NYSE:FIS opened at $78.35 on Monday. The firm has a market capitalization of $41.17 billion, a PE ratio of 51.89 and a beta of 1.04. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The firm has a 50-day moving average price of $80.46 and a 200 day moving average price of $76.93.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. Research analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.0%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FIS. Truist Financial lifted their price target on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Royal Bank Of Canada cut their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price target for the company from $79.00 to $86.00 in a report on Monday, April 21st. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Monday, April 21st. Finally, Robert W. Baird boosted their price objective on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.00.

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.

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