Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Lessened by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 45.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,466 shares of the information technology services provider's stock after selling 7,101 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Fidelity National Information Services were worth $632,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $451,458,000. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $347,000. DnB Asset Management AS lifted its holdings in shares of Fidelity National Information Services by 92.9% in the fourth quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider's stock valued at $14,905,000 after buying an additional 88,875 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at $689,000. Finally, National Pension Service lifted its holdings in shares of Fidelity National Information Services by 24.3% in the fourth quarter. National Pension Service now owns 1,137,915 shares of the information technology services provider's stock valued at $91,909,000 after buying an additional 222,435 shares during the period. Institutional investors own 96.23% of the company's stock.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was 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 currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group upped their target price on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Truist Financial assumed coverage on Fidelity National Information Services in a report on Monday, June 2nd. They set a "hold" rating and a $84.00 target price for the company. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their target price for the company from $79.00 to $86.00 in a report on Monday, April 21st. Royal Bank Of Canada reduced their target price on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, TD Cowen raised Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $90.75.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $80.10 on Friday. 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, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The stock's 50-day moving average is $79.29 and its two-hundred day moving average is $77.06. The firm has a market cap of $42.08 billion, a P/E ratio of 53.05, a PEG ratio of 1.50 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, topping 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $1.33 EPS. The business's revenue was up 2.6% compared to the same quarter last year. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is 105.96%.

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.

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