D.A. Davidson & CO. Has $5.63 Million Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

D.A. Davidson & CO. reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,325 shares of the information technology services provider's stock after selling 4,664 shares during the quarter. D.A. Davidson & CO.'s holdings in Fidelity National Information Services were worth $5,625,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FIS. MBM Wealth Consultants LLC raised its stake in Fidelity National Information Services by 12.0% during the first quarter. MBM Wealth Consultants LLC now owns 4,956 shares of the information technology services provider's stock worth $370,000 after acquiring an additional 532 shares in the last quarter. Meritage Portfolio Management grew its holdings 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 valued at $6,166,000 after purchasing an additional 25,203 shares during the last quarter. Teacher Retirement System of Texas increased its position in Fidelity National Information Services by 222.4% during the 1st quarter. Teacher Retirement System of Texas now owns 103,757 shares of the information technology services provider's stock worth $7,749,000 after purchasing an additional 71,576 shares in the last quarter. Novem Group lifted its stake in Fidelity National Information Services by 3.1% in the 1st quarter. Novem Group now owns 8,683 shares of the information technology services provider's stock valued at $648,000 after purchasing an additional 265 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in Fidelity National Information Services by 9.9% in the 1st quarter. Private Trust Co. NA now owns 1,660 shares of the information technology services provider's stock valued at $124,000 after purchasing an additional 149 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on FIS. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research note on Friday, April 4th. Royal Bank Of Canada reduced 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. Truist Financial began 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 for the company. 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 note on Monday, April 21st. Finally, UBS Group upped their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and an average price target of $90.75.

Fidelity National Information Services Trading Up 0.5%

FIS traded up $0.40 during trading on Friday, reaching $81.67. 1,293,048 shares of the stock traded hands, compared to its average volume of 3,364,569. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock's 50-day moving average is $79.70 and its 200 day moving average is $76.95. Fidelity National Information Services, Inc. has a 12 month low of $66.51 and a 12 month high of $91.98. The stock has a market capitalization of $42.91 billion, a PE ratio of 54.09, a P/E/G ratio of 1.52 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $1.33 EPS. The firm's revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction 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 owned 11,942 shares of the company's stock, valued at $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by insiders.

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.