CWA Asset Management Group LLC Has $288,000 Position in Fidelity National Information Services, Inc. (NYSE:FIS)

CWA Asset Management Group LLC decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 86.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,858 shares of the information technology services provider's stock after selling 25,002 shares during the period. CWA Asset Management Group LLC's holdings in Fidelity National Information Services were worth $288,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Kennebec Savings Bank increased its holdings in shares of Fidelity National Information Services by 71.3% in the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock valued at $33,000 after purchasing an additional 186 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $40,000. CoreCap Advisors LLC increased its holdings in shares of Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock valued at $46,000 after purchasing an additional 509 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Fidelity National Information Services by 139.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock valued at $51,000 after acquiring an additional 371 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in Fidelity National Information Services by 109.8% during the 1st quarter. Harbor Investment Advisory LLC now owns 770 shares of the information technology services provider's stock valued at $58,000 after acquiring an additional 403 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Stock Down 0.4%

Shares of NYSE:FIS traded down $0.34 during midday trading on Friday, reaching $80.10. The company had a trading volume of 4,368,892 shares, compared to its average volume of 3,362,809. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63. The stock's fifty day moving average price is $78.51 and its 200-day moving average price is $77.06. The stock has a market capitalization of $42.09 billion, a P/E ratio of 53.05, a PEG ratio of 1.49 and a beta of 1.06. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping 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%. The business's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is 105.96%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FIS. Citigroup raised shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and raised their price target for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird raised their price target 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. Stephens raised 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. Truist Financial started coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They set a "hold" rating and a $84.00 price target on the stock. Finally, Royal Bank Of Canada decreased their target price on shares of 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.75.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the company's stock in a transaction on 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 completion of the transaction, the director now owns 11,942 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company's stock.

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.