Verity & Verity LLC Has $1.38 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Verity & Verity LLC cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 68.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,495 shares of the information technology services provider's stock after selling 40,841 shares during the quarter. Verity & Verity LLC's holdings in Fidelity National Information Services were worth $1,381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Kennebec Savings Bank raised its position in Fidelity National Information Services by 71.3% in the first quarter. Kennebec Savings Bank now owns 447 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 186 shares in the last quarter. OFI Invest Asset Management bought a new stake in Fidelity National Information Services in the fourth quarter worth about $40,000. CoreCap Advisors LLC raised its position in Fidelity National Information Services by 877.6% in the fourth quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 509 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Fidelity National Information Services by 139.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 637 shares of the information technology services provider's stock worth $51,000 after acquiring an additional 371 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Fidelity National Information Services by 109.8% in the first quarter. Harbor Investment Advisory LLC now owns 770 shares of the information technology services provider's stock worth $58,000 after acquiring an additional 403 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Down 1.9%

NYSE:FIS traded down $1.53 on Friday, hitting $79.29. 2,953,019 shares of the company's stock traded hands, compared to its average volume of 3,429,440. The company has a market cap of $41.66 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The firm has a 50-day moving average price of $77.34 and a 200-day moving average price of $77.38. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate 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 17.30% and a net margin of 14.54%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. Equities analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.02%. Fidelity National Information Services's payout ratio is 105.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FIS shares. Citigroup raised Fidelity National Information Services from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $79.00 to $86.00 in a research note on Monday, April 21st. William Blair reissued an "outperform" rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Truist Financial started 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 on the stock. Royal Bank of Canada dropped their price target on 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, Stephens lifted their price target on 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. 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.75.

Fidelity National Information Services 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.