Timber Creek Capital Management LLC Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Timber Creek Capital Management LLC lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 36.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,582 shares of the information technology services provider's stock after selling 15,657 shares during the quarter. Timber Creek Capital Management LLC's holdings in Fidelity National Information Services were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. IFM Investors Pty Ltd grew its holdings in Fidelity National Information Services by 10.8% during the first quarter. IFM Investors Pty Ltd now owns 119,978 shares of the information technology services provider's stock valued at $8,960,000 after purchasing an additional 11,685 shares during the period. MBM Wealth Consultants LLC lifted its position in shares of Fidelity National Information Services by 12.0% during the 1st quarter. MBM Wealth Consultants LLC now owns 4,956 shares of the information technology services provider's stock valued at $370,000 after buying an additional 532 shares in the last quarter. Meritage Portfolio Management lifted its holdings in Fidelity National Information Services by 43.9% during the first quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock valued at $6,166,000 after purchasing an additional 25,203 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Fidelity National Information Services by 222.4% during the 1st quarter. Teacher Retirement System of Texas now owns 103,757 shares of the information technology services provider's stock valued at $7,749,000 after buying an additional 71,576 shares in the last quarter. Finally, Novem Group boosted its holdings in Fidelity National Information Services by 3.1% in the 1st quarter. Novem Group now owns 8,683 shares of the information technology services provider's stock worth $648,000 after buying an additional 265 shares during the period. Institutional investors own 96.23% of the company's stock.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $72.04 per share, with a total value of $60,801.76. Following the completion of the acquisition, the director directly owned 11,942 shares in the company, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Fidelity National Information Services Trading Up 0.5%

Shares of Fidelity National Information Services stock opened at $81.67 on Friday. The firm has a market capitalization of $42.91 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 1.51 and a beta of 1.06. Fidelity National Information Services, Inc. has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The stock has a 50 day moving average of $79.66 and a 200 day moving average of $76.96. 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 (NYSE:FIS - Get Free Report) last issued 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. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The company's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 earnings per share. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services's dividend payout ratio is currently 105.96%.

Analyst Upgrades and Downgrades

FIS has been the topic of several research analyst reports. Robert W. Baird boosted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, April 4th. Truist Financial began coverage on Fidelity National Information Services in a research note on Monday, June 2nd. They issued a "hold" rating and a $84.00 price target for the company. TD Cowen upgraded shares of Fidelity National Information Services from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Monday, April 21st. Oppenheimer upgraded Fidelity National Information Services from a "market perform" rating to an "outperform" rating and set a $94.00 target price on the stock in a research report on Wednesday, April 23rd. Finally, Stephens raised 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. One equities research 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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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