Envestnet Asset Management Inc. Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Envestnet Asset Management Inc. reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,634,494 shares of the information technology services provider's stock after selling 12,453 shares during the period. Envestnet Asset Management Inc. owned 0.31% of Fidelity National Information Services worth $122,064,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new position in shares of Fidelity National Information Services during the 1st quarter worth about $276,000. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services during the 4th quarter worth about $347,000. Compass Wealth Management LLC boosted its position in shares of Fidelity National Information Services by 13.5% during the 1st quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock worth $5,810,000 after purchasing an additional 9,251 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Fidelity National Information Services by 92.9% during the 4th quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider's stock worth $14,905,000 after purchasing an additional 88,875 shares in the last quarter. Finally, Meritage Portfolio Management boosted its position in shares of Fidelity National Information Services by 43.9% during the 1st quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock worth $6,166,000 after purchasing an additional 25,203 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the purchase, the director owned 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock traded down $1.58 during mid-day trading on Friday, reaching $78.64. The company's stock had a trading volume of 3,054,339 shares, compared to its average volume of 3,367,036. Fidelity National Information Services, Inc. has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a market capitalization of $41.32 billion, a P/E ratio of 52.08, a PEG ratio of 1.49 and a beta of 1.06. 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 firm's fifty day moving average price is $79.85 and its two-hundred day moving average price is $76.91.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. Fidelity National Information Services's revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 EPS. Sell-side analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS 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. Shareholders of record on Tuesday, June 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend 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 presently 105.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Cowen raised shares of 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. UBS Group raised their price target 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. Truist Financial began 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 target on the stock. Stephens raised their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price target for the company from $79.00 to $86.00 in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.