Vanguard Group Inc. Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Vanguard Group Inc. lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 1.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,642,824 shares of the information technology services provider's stock after selling 635,841 shares during the period. Vanguard Group Inc. owned 11.91% of Fidelity National Information Services worth $4,678,166,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FIS. Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity National Information Services during the first quarter worth about $276,000. Brown Advisory Inc. raised its stake in Fidelity National Information Services by 16.7% in the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider's stock valued at $24,594,000 after purchasing an additional 47,086 shares in the last quarter. Compass Wealth Management LLC lifted its position in Fidelity National Information Services by 13.5% during the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider's stock valued at $5,810,000 after purchasing an additional 9,251 shares during the last quarter. Brighton Jones LLC purchased a new position in Fidelity National Information Services in the 4th quarter worth approximately $347,000. Finally, Meritage Portfolio Management increased its holdings in shares of Fidelity National Information Services by 43.9% in the 1st quarter. Meritage Portfolio Management now owns 82,571 shares of the information technology services provider's stock worth $6,166,000 after buying an additional 25,203 shares during the last quarter. Institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Trading Up 0.2%

FIS opened at $70.05 on Friday. 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 0.63, a current ratio of 0.59 and a quick ratio of 0.63. The business has a 50 day simple moving average of $79.95 and a two-hundred day simple moving average of $76.80. The firm has a market capitalization of $36.81 billion, a price-to-earnings ratio of 389.21 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The information technology services provider reported $1.36 EPS for the quarter, meeting analysts' consensus estimates of $1.36. Fidelity National Information Services had a return on equity of 18.73% and a net margin of 1.09%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the company earned $1.36 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. Fidelity National Information Services's payout ratio is presently 888.89%.

Analyst Upgrades and Downgrades

FIS has been the subject of several research reports. UBS Group cut their target price on shares of Fidelity National Information Services from $84.00 to $82.00 and set a "neutral" rating for the company in a research report on Wednesday. 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 report on Wednesday, May 7th. Truist Financial increased their price target on shares of Fidelity National Information Services from $84.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. Royal Bank Of Canada lowered their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $92.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.63.

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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