Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 358,041 shares of the information technology services provider's stock after selling 6,173 shares during the period. Fidelity National Information Services makes up 2.0% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its 21st biggest holding. Mountain Pacific Investment Advisers LLC owned approximately 0.07% of Fidelity National Information Services worth $26,739,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FIS. Brighton Jones LLC acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $347,000. Everhart Financial Group Inc. grew its holdings in shares of Fidelity National Information Services by 4.5% in the fourth quarter. Everhart Financial Group Inc. now owns 7,193 shares of the information technology services provider's stock valued at $581,000 after purchasing an additional 311 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of Fidelity National Information Services by 16.7% in the fourth quarter. Principal Securities Inc. now owns 14,820 shares of the information technology services provider's stock valued at $1,197,000 after purchasing an additional 2,121 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Fidelity National Information Services in the fourth quarter valued at approximately $8,343,000. Finally, Allworth Financial LP lifted its stake in Fidelity National Information Services by 19.1% in the fourth quarter. Allworth Financial LP now owns 2,654 shares of the information technology services provider's stock worth $208,000 after acquiring an additional 425 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded up $0.02 during trading on Thursday, reaching $80.46. The company's stock had a trading volume of 3,023,850 shares, compared to its average volume of 3,410,728. The company has a 50-day moving average price of $78.13 and a two-hundred day moving average price of $77.24. The firm has a market cap of $42.28 billion, a PE ratio of 53.29, a P/E/G ratio of 1.50 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57.

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 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. On average, analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. Fidelity National Information Services's payout ratio is 105.96%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FIS has been the subject of a number of recent research reports. Truist Financial initiated coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They issued a "hold" rating and a $84.00 price target for the company. Oppenheimer upgraded shares of 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 note on Wednesday, April 23rd. Stephens lifted their price target on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. UBS Group lifted their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, 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 research note on Wednesday, May 7th. One 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 data from MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Fidelity National Information Services 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.