Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 41.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 52,285 shares of the information technology services provider's stock after selling 36,496 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Fidelity National Information Services were worth $3,905,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $635,202,000. Raymond James Financial Inc. acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $451,458,000. Arrowstreet Capital Limited Partnership grew its holdings in Fidelity National Information Services by 100.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider's stock worth $261,037,000 after acquiring an additional 1,616,146 shares during the period. Capital Research Global Investors boosted its position in Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider's stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Fidelity National Information Services by 16.5% during the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider's stock worth $559,399,000 after purchasing an additional 982,955 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FIS. Truist Financial started coverage on Fidelity National Information Services in a research report on Monday, June 2nd. They issued a "hold" rating and a $84.00 target price on the stock. UBS Group lifted their price objective on 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. Stephens boosted their target price 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. Oppenheimer raised Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price for the company in a research note on Wednesday, April 23rd. Finally, 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 report on Monday, April 21st. One equities research 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. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

Fidelity National Information Services Stock Performance

FIS stock traded up $0.90 during trading on Friday, hitting $80.90. The company had a trading volume of 4,300,733 shares, compared to its average volume of 3,367,371. The firm has a market cap of $42.51 billion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98. The firm has a 50-day moving average price of $79.29 and a 200-day moving average price of $77.06. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57.

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, beating 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 firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect 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 announced 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. This represents a $1.60 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's payout ratio is 105.96%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. The trade was a 7.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

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.