Cerity Partners LLC Sells 10,910 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Cerity Partners LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 26.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,443 shares of the information technology services provider's stock after selling 10,910 shares during the quarter. Cerity Partners LLC's holdings in Fidelity National Information Services were worth $2,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Sierra Ocean LLC boosted its position in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 267 shares during the last quarter. YANKCOM Partnership boosted its position in shares of Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Kennebec Savings Bank lifted its position in Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after buying an additional 186 shares during the last quarter. CoreCap Advisors LLC lifted its position in Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after buying an additional 509 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Fidelity National Information Services in the 1st quarter worth approximately $43,000. Institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

FIS has been the subject of a number of recent research reports. Truist Financial boosted their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. UBS Group boosted their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research report on Monday, April 21st. Finally, Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.00.

Fidelity National Information Services Stock Down 0.1%

FIS stock traded down $0.05 during midday trading on Wednesday, hitting $81.59. The stock had a trading volume of 2,406,817 shares, compared to its average volume of 3,341,076. The firm has a market cap of $42.87 billion, a price-to-earnings ratio of 54.03 and a beta of 1.06. The business has a 50-day moving average of $80.28 and a two-hundred day moving average of $76.86. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63.

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, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $2.53 billion for 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%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share. As a group, equities research analysts forecast 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 company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.96%. Fidelity National Information Services's payout ratio is 105.96%.

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.