Cullen Frost Bankers Inc. Has $200,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cullen Frost Bankers Inc. trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 86.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,680 shares of the information technology services provider's stock after selling 17,283 shares during the period. Cullen Frost Bankers Inc.'s holdings in Fidelity National Information Services were worth $200,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FIS. Sierra Ocean LLC lifted its holdings in shares of Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. YANKCOM Partnership raised its holdings in Fidelity National Information Services by 118.8% during the first quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Kennebec Savings Bank raised its holdings in Fidelity National Information Services by 71.3% during the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 186 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Fidelity National Information Services during the first quarter worth about $43,000. Finally, CoreCap Advisors LLC raised its holdings in Fidelity National Information Services by 877.6% during the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FIS shares. Robert W. Baird upped their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Wednesday. Royal Bank Of Canada dropped their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Citigroup upgraded Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their target price for the stock from $79.00 to $86.00 in a report on Monday, April 21st. Truist Financial upped their target price on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday. Finally, Stephens boosted 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $91.00.

Fidelity National Information Services Stock Performance

NYSE FIS traded down $0.43 on Friday, reaching $80.31. The stock had a trading volume of 2,382,447 shares, compared to its average volume of 3,354,435. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a fifty day moving average of $80.10 and a two-hundred day moving average of $76.82. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a market cap of $42.19 billion, a P/E ratio of 53.19 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $1.33 EPS. The company's revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Fidelity National Information Services Company 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.