Cwm LLC Lowers Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

CWM LLC decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 48.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,238 shares of the information technology services provider's stock after selling 12,301 shares during the period. CWM LLC's holdings in Fidelity National Information Services were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services in the fourth quarter worth approximately $347,000. Thrivent Financial for Lutherans raised its position in Fidelity National Information Services by 6.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 83,829 shares of the information technology services provider's stock valued at $6,822,000 after acquiring an additional 5,344 shares in the last quarter. Teacher Retirement System of Texas raised its position in Fidelity National Information Services by 763.9% during the fourth quarter. Teacher Retirement System of Texas now owns 32,181 shares of the information technology services provider's stock valued at $2,599,000 after acquiring an additional 28,456 shares in the last quarter. Virtu Financial LLC bought a new position in Fidelity National Information Services during the fourth quarter valued at approximately $799,000. Finally, Mizuho Securities USA LLC raised its position in Fidelity National Information Services by 44.2% during the fourth quarter. Mizuho Securities USA LLC now owns 51,024 shares of the information technology services provider's stock valued at $4,121,000 after acquiring an additional 15,647 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of FIS traded down $0.58 during trading hours on Thursday, hitting $81.01. The stock had a trading volume of 861,341 shares, compared to its average volume of 3,574,559. The stock has a fifty day moving average price of $80.28 and a 200 day moving average price of $76.86. The firm has a market capitalization of $42.56 billion, a PE ratio of 53.65 and a beta of 1.06. 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 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 quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate 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 business 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 earnings per share. The business's revenue was up 2.6% on a year-over-year basis. Analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FIS shares. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price objective for the company from $79.00 to $86.00 in a research report on Monday, April 21st. Royal Bank Of Canada lowered their price target 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. Robert W. Baird increased their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st. Finally, Truist Financial increased their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.00.

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.