Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC reduced its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 27.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,439 shares of the information technology services provider's stock after selling 17,878 shares during the period. Cornerstone Wealth Group LLC's holdings in Fidelity National Information Services were worth $3,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in Fidelity National Information Services in the 4th quarter worth $347,000. Venturi Wealth Management LLC raised its stake in shares of Fidelity National Information Services by 221.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,279 shares of the information technology services provider's stock worth $103,000 after buying an additional 881 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of Fidelity National Information Services by 14.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 7,928 shares of the information technology services provider's stock worth $640,000 after buying an additional 1,022 shares during the period. Bradley Foster & Sargent Inc. CT lifted its position in shares of Fidelity National Information Services by 4.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after buying an additional 128 shares in the last quarter. Finally, Pinnacle Financial Partners Inc bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $205,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded up $1.75 during trading on Tuesday, hitting $82.25. 3,560,741 shares of the company's stock were exchanged, compared to its average volume of 3,779,258. 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 quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $43.22 billion, a price-to-earnings ratio of 54.47, a PEG ratio of 1.49 and a beta of 1.06. The business has a 50-day simple moving average of $78.69 and a 200-day simple moving average of $77.02.

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, beating analysts' consensus estimates of $1.20 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. Fidelity National Information Services's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. On average, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid 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 is Tuesday, June 10th. Fidelity National Information Services's payout ratio is currently 105.96%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FIS shares. Stephens increased their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. UBS Group boosted their price objective on shares of 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. Oppenheimer raised 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. Truist Financial assumed coverage on shares of Fidelity National Information Services in a research report on Monday, June 2nd. They issued a "hold" rating and a $84.00 price objective for the company. Finally, 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 report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.75.

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.