Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,685 shares of the information technology services provider's stock after selling 57,485 shares during the period. Handelsbanken Fonder AB's holdings in Fidelity National Information Services were worth $9,292,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Criterion Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at about $40,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Fidelity National Information Services by 1.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,228 shares of the information technology services provider's stock worth $3,257,000 after buying an additional 802 shares in the last quarter. abrdn plc raised its holdings in shares of Fidelity National Information Services by 23.5% during the fourth quarter. abrdn plc now owns 650,566 shares of the information technology services provider's stock valued at $39,080,000 after acquiring an additional 123,707 shares during the last quarter. Xponance Inc. boosted its stake in shares of Fidelity National Information Services by 1.2% in the fourth quarter. Xponance Inc. now owns 75,008 shares of the information technology services provider's stock worth $4,506,000 after acquiring an additional 900 shares during the last quarter. Finally, Twin Capital Management Inc. increased its position in shares of Fidelity National Information Services by 31.5% during the fourth quarter. Twin Capital Management Inc. now owns 64,658 shares of the information technology services provider's stock worth $3,884,000 after purchasing an additional 15,475 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company's stock.

Fidelity National Information Services Trading Down 0.5 %

FIS traded down $0.34 during mid-day trading on Thursday, hitting $70.47. 3,985,559 shares of the stock were exchanged, compared to its average volume of 4,435,117. The firm's fifty day moving average is $69.92 and its two-hundred day moving average is $61.77. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $74.75. The company has a market cap of $40.62 billion, a PE ratio of -6.27, a PEG ratio of 0.91 and a beta of 0.97. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company posted $1.71 EPS. The firm's revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts forecast that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services declared that its board has approved a share repurchase plan on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.04%. Fidelity National Information Services's payout ratio is currently -12.81%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FIS has been the topic of several recent research reports. Evercore ISI lifted their target price on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 26th. Truist Financial boosted their price target on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the stock a "hold" rating in a research report on Tuesday, February 27th. Robert W. Baird cut Fidelity National Information Services from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from $76.00 to $78.00 in a report on Wednesday, March 13th. BNP Paribas lowered Fidelity National Information Services from an "outperform" rating to a "neutral" rating and set a $72.00 price target for the company. in a research report on Thursday, April 11th. Finally, UBS Group boosted their price objective on Fidelity National Information Services from $66.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.59.

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.