Robeco Institutional Asset Management B.V. Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Robeco Institutional Asset Management B.V. reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 58.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 374,935 shares of the information technology services provider's stock after selling 520,273 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Fidelity National Information Services worth $28,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FIS. Kennebec Savings Bank increased its holdings in Fidelity National Information Services by 71.3% during the 1st quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 186 shares during the period. OFI Invest Asset Management purchased a new position in Fidelity National Information Services during the 4th quarter worth $40,000. CoreCap Advisors LLC increased its holdings in Fidelity National Information Services by 877.6% during the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after purchasing an additional 509 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Fidelity National Information Services by 139.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after purchasing an additional 371 shares during the period. Finally, Pinnacle Bancorp Inc. increased its holdings in shares of Fidelity National Information Services by 34.3% in the 1st quarter. Pinnacle Bancorp Inc. now owns 685 shares of the information technology services provider's stock valued at $51,000 after acquiring an additional 175 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $80.90 on Friday. The stock has a 50-day moving average of $79.42 and a two-hundred day moving average of $77.03. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year 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 stock has a market cap of $42.51 billion, a P/E ratio of 53.58, a P/E/G ratio of 1.49 and a beta of 1.06.

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 EPS for the quarter, topping 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 company 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 firm posted $1.33 EPS. The firm's revenue was up 2.6% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders 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 1.98%. Fidelity National Information Services's dividend payout ratio (DPR) is presently 105.96%.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 844 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This represents a 7.60% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FIS. Truist Financial began coverage on Fidelity National Information Services in a report on Monday, June 2nd. They issued a "hold" rating and a $84.00 price target on the stock. Stephens lifted their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. UBS Group lifted their price target on Fidelity National Information Services from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Royal Bank Of Canada cut their price target on Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, Robert W. Baird lifted their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Information Services 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.

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