Financiere des Professionnels Fonds d investissement inc. Sells 18,004 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Financiere des Professionnels Fonds d investissement inc. trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 15.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,222 shares of the information technology services provider's stock after selling 18,004 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Fidelity National Information Services were worth $7,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Wealth Management LLC grew its position in Fidelity National Information Services by 13.5% during the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock valued at $5,810,000 after purchasing an additional 9,251 shares in the last quarter. Sierra Ocean LLC grew its holdings in shares of Fidelity National Information Services by 356.0% during the 1st quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 267 shares in the last quarter. World Investment Advisors grew its holdings in shares of Fidelity National Information Services by 3.1% during the 1st quarter. World Investment Advisors now owns 75,247 shares of the information technology services provider's stock valued at $5,619,000 after acquiring an additional 2,252 shares in the last quarter. VELA Investment Management LLC grew its holdings in shares of Fidelity National Information Services by 29.7% during the 1st quarter. VELA Investment Management LLC now owns 44,675 shares of the information technology services provider's stock valued at $3,336,000 after acquiring an additional 10,234 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Fidelity National Information Services during the 1st quarter valued at $43,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FIS shares. Stephens boosted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. UBS Group increased their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Truist Financial assumed coverage on shares of Fidelity National Information Services in a report on Monday, June 2nd. They set a "hold" rating and a $84.00 price objective for the company. Oppenheimer raised shares of Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a report on Wednesday, April 23rd. Finally, TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.75.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 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 acquisition, the director owned 11,942 shares of the company's stock, valued at approximately $860,301.68. This represents a 7.60% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Up 0.5%

FIS stock traded up $0.40 during trading on Friday, hitting $81.67. The company had a trading volume of 1,293,048 shares, compared to its average volume of 3,369,020. The stock has a market cap of $42.91 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 1.52 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 quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $79.70 and a 200-day moving average price of $76.93.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly 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 business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. Fidelity National Information Services's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. As a group, analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. Fidelity National Information Services's dividend payout ratio (DPR) is currently 105.96%.

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.