Cerity Partners LLC Has $2.27 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cerity Partners LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 26.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,443 shares of the information technology services provider's stock after selling 10,910 shares during the period. Cerity Partners LLC's holdings in Fidelity National Information Services were worth $2,273,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC grew its holdings in shares of Fidelity National Information Services by 3.7% during the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider's stock valued at $309,000 after acquiring an additional 146 shares in the last quarter. Stonebrook Private Inc. lifted its stake in Fidelity National Information Services by 0.6% during the first quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider's stock worth $1,824,000 after purchasing an additional 146 shares during the period. Integrated Advisors Network LLC grew its stake in shares of Fidelity National Information Services by 4.7% in the 1st quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider's stock valued at $245,000 after purchasing an additional 147 shares during the period. Private Trust Co. NA lifted its position in shares of Fidelity National Information Services by 9.9% during the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock worth $124,000 after buying an additional 149 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Fidelity National Information Services by 8.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,013 shares of the information technology services provider's stock worth $150,000 after buying an additional 153 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Robert W. Baird boosted their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research note on Monday, April 21st. Royal Bank Of Canada reduced their price objective on 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 raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their target price for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, Truist Financial boosted their price objective on shares of 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

Fidelity National Information Services Stock Performance

NYSE FIS traded up $0.90 during trading hours on Tuesday, hitting $80.98. 620,683 shares of the stock were exchanged, compared to its average volume of 3,335,458. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $80.10 and a 200 day moving average of $76.80. The company has a market cap of $42.54 billion, a price-to-earnings ratio of 53.62 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The business's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is presently 105.96%.

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.