Fidelity National Information Services, Inc. (NYSE:FIS) Stake Trimmed by abrdn plc

abrdn plc cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 590,099 shares of the information technology services provider’s stock after selling 47,848 shares during the quarter. abrdn plc owned 0.11% of Fidelity National Information Services worth $47,550,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FIS. Czech National Bank grew its position in Fidelity National Information Services by 4.8% during the 3rd quarter. Czech National Bank now owns 111,137 shares of the information technology services provider’s stock worth $9,308,000 after purchasing an additional 5,138 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Fidelity National Information Services by 18.3% in the third quarter. GAMMA Investing LLC now owns 11,868 shares of the information technology services provider’s stock worth $994,000 after buying an additional 1,838 shares during the period. Azzad Asset Management Inc. ADV purchased a new position in shares of Fidelity National Information Services during the third quarter valued at $570,000. Fulton Bank N.A. raised its position in Fidelity National Information Services by 7.2% during the third quarter. Fulton Bank N.A. now owns 8,379 shares of the information technology services provider’s stock valued at $702,000 after buying an additional 564 shares during the period. Finally, Mather Group LLC. lifted its stake in Fidelity National Information Services by 19.3% in the 3rd quarter. Mather Group LLC. now owns 1,710 shares of the information technology services provider’s stock worth $143,000 after acquiring an additional 277 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIS has been the topic of a number of research reports. Morgan Stanley upped their target price on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Jefferies Financial Group lifted their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $104.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, January 22nd. Robert W. Baird lifted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

View Our Latest Research Report on FIS

Fidelity National Information Services Trading Down 0.4 %

Fidelity National Information Services stock opened at $81.59 on Wednesday. Fidelity National Information Services, Inc. has a 52 week low of $60.39 and a 52 week high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $43.92 billion, a PE ratio of 32.50, a PEG ratio of 0.62 and a beta of 1.04. The business’s 50-day simple moving average is $81.60 and its 200-day simple moving average is $82.70.

Fidelity National Information Services (NYSE:FISGet Free Report) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at $2,832,546.03. The trade was a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

About Fidelity National Information Services

(Free Report)

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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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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