Morningstar Investment Services LLC Decreases Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Morningstar Investment Services LLC lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 55.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,932 shares of the information technology services provider's stock after selling 18,838 shares during the quarter. Morningstar Investment Services LLC's holdings in Fidelity National Information Services were worth $1,115,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Evergreen Wealth Management LLC grew its position in Fidelity National Information Services by 2.4% during the first quarter. Evergreen Wealth Management LLC now owns 19,152 shares of the information technology services provider's stock valued at $1,430,000 after buying an additional 441 shares during the period. Dynasty Wealth Management LLC grew its position in Fidelity National Information Services by 2.7% during the first quarter. Dynasty Wealth Management LLC now owns 22,587 shares of the information technology services provider's stock valued at $1,687,000 after buying an additional 601 shares during the period. Verdence Capital Advisors LLC boosted its position in Fidelity National Information Services by 53.1% during the first quarter. Verdence Capital Advisors LLC now owns 26,121 shares of the information technology services provider's stock worth $1,951,000 after purchasing an additional 9,056 shares during the period. Equity Investment Corp bought a new position in Fidelity National Information Services during the first quarter worth about $301,000. Finally, Larson Financial Group LLC boosted its position in Fidelity National Information Services by 270.7% during the first quarter. Larson Financial Group LLC now owns 1,101 shares of the information technology services provider's stock worth $82,000 after purchasing an additional 804 shares during the period. Institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group increased their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Truist Financial increased their target price on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday. Stephens increased their target price on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research report on Monday, April 21st. Finally, Robert W. Baird increased their target price on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.00.

Fidelity National Information Services Price Performance

FIS traded down $0.43 on Friday, reaching $80.31. The company had a trading volume of 2,382,447 shares, compared to its average volume of 3,354,435. The business has a 50 day simple moving average of $80.10 and a 200 day simple moving average of $76.82. The company has a market cap of $42.19 billion, a price-to-earnings ratio of 53.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63. Fidelity National Information Services, Inc. has a 52-week low of $66.51 and a 52-week high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. The business 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 8.10% and a return on equity of 18.15%. Fidelity National Information Services's quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio (DPR) is presently 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.