QRG Capital Management Inc. Reduces Position in Fidelity National Information Services, Inc. (NYSE:FIS)

QRG Capital Management Inc. trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 33.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,913 shares of the information technology services provider's stock after selling 22,428 shares during the period. QRG Capital Management Inc.'s holdings in Fidelity National Information Services were worth $3,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services in the 4th quarter worth approximately $347,000. Principal Securities Inc. increased its stake in Fidelity National Information Services by 16.7% during the 4th quarter. Principal Securities Inc. now owns 14,820 shares of the information technology services provider's stock valued at $1,197,000 after purchasing an additional 2,121 shares in the last quarter. Allworth Financial LP increased its stake in Fidelity National Information Services by 19.1% during the 4th quarter. Allworth Financial LP now owns 2,654 shares of the information technology services provider's stock valued at $208,000 after purchasing an additional 425 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Fidelity National Information Services by 8.7% in the fourth quarter. D.A. Davidson & CO. now owns 79,989 shares of the information technology services provider's stock worth $6,461,000 after acquiring an additional 6,404 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Fidelity National Information Services by 221.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,279 shares of the information technology services provider's stock worth $103,000 after acquiring an additional 881 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIS. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. Robert W. Baird increased their price objective on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, April 4th. Stephens raised their price target on shares of 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 decreased their price target on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research 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 stock. According to MarketBeat, Fidelity National Information Services has an average rating of "Moderate Buy" and a consensus target price of $90.75.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares of the company's stock, valued at $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 is accessible through this link. Insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Up 0.0%

Shares of FIS stock opened at $80.46 on Thursday. 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 stock has a market capitalization of $42.28 billion, a P/E ratio of 53.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. The company has a 50 day moving average price of $78.13 and a 200 day moving average price of $77.24. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98.

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

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.99%. Fidelity National Information Services's dividend payout ratio is presently 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.

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