Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Decreased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 54.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 24,800 shares of the information technology services provider's stock after selling 29,614 shares during the period. Crossmark Global Holdings Inc.'s holdings in Fidelity National Information Services were worth $1,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in Fidelity National Information Services in the fourth quarter worth $635,202,000. Arrowstreet Capital Limited Partnership raised its stake in Fidelity National Information Services by 100.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock valued at $261,037,000 after buying an additional 1,616,146 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Fidelity National Information Services by 3.8% during the fourth 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 acquiring an additional 1,082,929 shares during the last quarter. Northern Trust Corp raised its position in shares of Fidelity National Information Services by 16.5% in the 4th quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock valued at $559,399,000 after purchasing an additional 982,955 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Fidelity National Information Services by 6,171.5% in the 1st quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider's stock worth $61,973,000 after purchasing an additional 816,612 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director directly owned 11,942 shares in the company, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded down $1.58 during trading on Friday, hitting $78.64. 3,054,339 shares of the company were exchanged, compared to its average volume of 3,370,954. The company has a market cap of $41.32 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 1.46 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The firm's fifty day moving average price is $79.85 and its 200 day moving average price is $76.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63.

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 for the quarter, beating the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 EPS. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a 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 report on Wednesday, April 23rd. Robert W. Baird increased their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, April 4th. TD Cowen raised 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. Finally, Truist Financial started coverage on Fidelity National Information Services in a research report on Monday, June 2nd. They issued 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 issued a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.