Avantax Advisory Services Inc. Lowers Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Avantax Advisory Services Inc. lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 6.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 39,921 shares of the information technology services provider’s stock after selling 2,860 shares during the period. Avantax Advisory Services Inc.’s holdings in Fidelity National Information Services were worth $2,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Research Global Investors raised its stake in Fidelity National Information Services by 3.8% during the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after buying an additional 1,082,929 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Fidelity National Information Services by 16.5% during the fourth quarter. Northern Trust Corp now owns 6,925,824 shares of the information technology services provider’s stock valued at $559,399,000 after acquiring an additional 982,955 shares in the last quarter. GAMMA Investing LLC boosted its stake in Fidelity National Information Services by 6,171.5% in the 1st quarter. GAMMA Investing LLC now owns 829,844 shares of the information technology services provider’s stock worth $61,973,000 after purchasing an additional 816,612 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Fidelity National Information Services by 9.1% in the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider’s stock worth $611,682,000 after buying an additional 632,328 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Fidelity National Information Services by 922.3% during the fourth quarter. Schroder Investment Management Group now owns 671,309 shares of the information technology services provider’s stock valued at $54,101,000 after buying an additional 605,640 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Robert W. Baird increased their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Truist Financial upped their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 17th. Royal Bank Of Canada reduced their price objective on 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. Citigroup raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. Finally, UBS Group raised their price target on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Fidelity National Information Services Trading Down 0.2%

NYSE:FIS opened at $81.69 on Wednesday. Fidelity National Information Services, Inc. has a one year low of $66.51 and a one year high of $91.98. The business has a fifty day moving average price of $80.40 and a 200-day moving average price of $76.93. The firm has a market capitalization of $42.92 billion, a price-to-earnings ratio of 54.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.63 and a quick ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Fidelity National Information Services had a return on equity of 18.15% and a net margin of 8.10%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the business posted $1.33 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts forecast that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Announces Dividend

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

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.