Sumitomo Mitsui Trust Group Inc. Sells 3,173 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Sumitomo Mitsui Trust Group Inc. cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 0.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,360,903 shares of the information technology services provider's stock after selling 3,173 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Fidelity National Information Services worth $101,632,000 at the end of the most recent reporting period.

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

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $80.90 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $42.51 billion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. The firm's 50 day moving average price is $79.42 and its 200-day moving average price is $76.92. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share. Equities research analysts expect 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 $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.98%. Fidelity National Information Services's payout ratio is 105.96%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup upgraded shares of Fidelity National Information Services from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $79.00 to $86.00 in a report on Monday, April 21st. TD Cowen upgraded Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research note on Monday, April 21st. Robert W. Baird lifted their price objective 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. Truist Financial assumed coverage on Fidelity National Information Services in a research note on Monday, June 2nd. They issued a "hold" rating and a $84.00 target price on the stock. Finally, Royal Bank Of Canada cut their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.

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.

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