Handelsbanken Fonder AB Cuts Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Handelsbanken Fonder AB trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 17.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,807 shares of the information technology services provider's stock after selling 37,169 shares during the period. Handelsbanken Fonder AB's holdings in Fidelity National Information Services were worth $12,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in shares of Fidelity National Information Services by 93.3% during the 1st quarter. SG Americas Securities LLC now owns 31,071 shares of the information technology services provider's stock worth $2,320,000 after acquiring an additional 15,000 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of Fidelity National Information Services by 61.0% in the 1st quarter. Simplicity Wealth LLC now owns 5,529 shares of the information technology services provider's stock worth $413,000 after purchasing an additional 2,095 shares during the last quarter. Yousif Capital Management LLC raised its stake in Fidelity National Information Services by 13.5% during the 1st quarter. Yousif Capital Management LLC now owns 79,824 shares of the information technology services provider's stock worth $5,961,000 after buying an additional 9,520 shares during the period. Olstein Capital Management L.P. raised its stake in shares of Fidelity National Information Services by 50.0% in the 1st quarter. Olstein Capital Management L.P. now owns 117,000 shares of the information technology services provider's stock valued at $8,738,000 after purchasing an additional 39,000 shares during the period. Finally, Millington Financial Advisors LLC increased its position in shares of Fidelity National Information Services by 8.9% in the first quarter. Millington Financial Advisors LLC now owns 26,749 shares of the information technology services provider's stock valued at $1,935,000 after acquiring an additional 2,195 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIS has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Stephens boosted their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Oppenheimer raised 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. Finally, Truist Financial started 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. One 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.75.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $0.16 on Thursday, hitting $80.90. 2,502,093 shares of the company's stock were exchanged, compared to its average volume of 3,435,673. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. 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 50-day simple moving average of $77.09 and a 200-day simple moving average of $77.40. The stock has a market capitalization of $42.50 billion, a PE ratio of 31.00, a PEG ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. The business's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. As a group, equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. Fidelity National Information Services's payout ratio is presently 105.96%.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now directly owns 11,942 shares of the company's stock, valued at approximately $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

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.