Citizens National Bank Trust Department Sells 6,081 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Citizens National Bank Trust Department reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 66.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,040 shares of the information technology services provider's stock after selling 6,081 shares during the period. Citizens National Bank Trust Department's holdings in Fidelity National Information Services were worth $227,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $347,000. IFP Advisors Inc increased its position in shares of Fidelity National Information Services by 5.4% during the fourth quarter. IFP Advisors Inc now owns 5,258 shares of the information technology services provider's stock valued at $425,000 after purchasing an additional 271 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $12,245,000. SVB Wealth LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter valued at approximately $511,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Fidelity National Information Services by 17.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,235 shares of the information technology services provider's stock valued at $180,000 after purchasing an additional 326 shares during the period. 96.23% of the stock is owned by institutional investors.

Fidelity National Information Services Trading Up 1.1%

NYSE FIS opened at $80.90 on Monday. The stock has a 50-day simple moving average of $79.42 and a 200 day simple moving average of $76.92. The company has a market capitalization of $42.51 billion, a PE ratio of 53.58, a P/E/G ratio of 1.50 and a beta of 1.06. The company has a current ratio of 0.63, a quick 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.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

Analysts Set New Price Targets

FIS has been the topic of a number of research reports. Royal Bank Of Canada lowered their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock 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 price objective on the stock in a research report on Monday, April 21st. Truist Financial started coverage on Fidelity National Information Services in a research report on Monday, June 2nd. They set a "hold" rating and a $84.00 price objective on the stock. UBS Group upped their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird upped their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 4th. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company's stock.

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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