Kintegral Advisory LLC Trims Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Kintegral Advisory LLC decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 32.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,186 shares of the information technology services provider's stock after selling 7,937 shares during the quarter. Kintegral Advisory LLC's holdings in Fidelity National Information Services were worth $1,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Kennebec Savings Bank boosted its stake in shares of Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 186 shares during the period. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services in the fourth quarter worth about $40,000. CoreCap Advisors LLC boosted its stake in shares of Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Fidelity National Information Services by 139.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after acquiring an additional 371 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Fidelity National Information Services by 34.3% in the first quarter. Pinnacle Bancorp Inc. now owns 685 shares of the information technology services provider's stock worth $51,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 1.2%

FIS stock traded down $0.95 during midday trading on Tuesday, reaching $79.89. 2,323,782 shares of the company traded hands, compared to its average volume of 3,365,627. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50 day moving average of $79.79 and a 200-day moving average of $76.92. The firm has a market capitalization of $41.97 billion, a price-to-earnings ratio of 52.91, a P/E/G ratio of 1.50 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The company's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts expect 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. Shareholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services 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 completion of the acquisition, the director owned 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FIS. Stephens upped their price objective on 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. Royal Bank Of Canada dropped their price objective on 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. Truist Financial started coverage on Fidelity National Information Services in a research note on Monday, June 2nd. They issued a "hold" rating and a $84.00 price objective for the company. TD Cowen raised 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. Finally, Robert W. Baird increased their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, April 4th. One investment 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.75.

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.