Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 280,147 shares of the information technology services provider's stock after selling 4,720 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Fidelity National Information Services worth $20,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. FORM Wealth Advisors LLC purchased a new stake in Fidelity National Information Services in the 1st quarter valued at about $485,000. Asset Management One Co. Ltd. increased its position in shares of Fidelity National Information Services by 3.8% during the first 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 acquiring an additional 8,877 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Fidelity National Information Services in the 1st quarter valued at approximately $276,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of 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 worth $1,571,000 after acquiring an additional 869 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Fidelity National Information Services by 52.0% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,672 shares of the information technology services provider's stock valued at $1,170,000 after purchasing an additional 5,362 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FIS shares. Stephens raised their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" 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 report on Monday, April 21st. UBS Group boosted their price target on shares of 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. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price objective for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Finally, Truist Financial started coverage on shares of Fidelity National Information Services in a report on Monday, June 2nd. They set a "hold" rating and a $84.00 target price on the stock. 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. According to MarketBeat.com, Fidelity National Information Services has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Fidelity National Information Services Stock Performance

FIS traded down $0.63 during trading on Thursday, reaching $80.10. The company's stock had a trading volume of 4,049,709 shares, compared to its average volume of 3,772,690. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63. The company's fifty day moving average price is $79.18 and its 200-day moving average price is $77.09. 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 market capitalization of $42.08 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 1.53 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. Fidelity National Information Services's revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 earnings per share. On average, equities 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 2.00%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 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.