Choreo LLC Sells 3,253 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Choreo LLC cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 13.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,416 shares of the information technology services provider's stock after selling 3,253 shares during the quarter. Choreo LLC's holdings in Fidelity National Information Services were worth $1,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FIS. Capital Research Global Investors increased its stake in Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Geode Capital Management LLC increased its stake in Fidelity National Information Services by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider's stock worth $1,052,819,000 after purchasing an additional 208,127 shares in the last quarter. Norges Bank bought a new stake in Fidelity National Information Services during the 4th quarter worth approximately $635,202,000. Invesco Ltd. grew its stake in shares of Fidelity National Information Services by 9.1% during the 4th quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider's stock worth $611,682,000 after acquiring an additional 632,328 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Fidelity National Information Services by 16.5% during the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock worth $559,399,000 after acquiring an additional 982,955 shares in the last quarter. 96.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Fidelity National Information Services Stock Up 1.9%

NYSE:FIS traded up $1.51 during trading hours on Friday, hitting $81.92. 2,694,227 shares of the company traded hands, compared to its average volume of 2,280,698. 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 firm's 50-day simple moving average is $80.36 and its 200-day simple moving average is $76.88. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The company has a market cap of $43.04 billion, a PE ratio of 54.25 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, 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 last year, the firm posted $1.33 EPS. The business's revenue was up 2.6% compared to the same quarter last year. Equities analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. 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.