Fidelity National Information Services (NYSE:FIS) Lowered to Underweight at Wells Fargo & Company

Wells Fargo & Company lowered shares of Fidelity National Information Services (NYSE:FISGet Rating) from an equal weight rating to an underweight rating in a report published on Thursday morning, MarketBeat.com reports. Wells Fargo & Company currently has $88.00 price objective on the information technology services provider’s stock, down from their previous price objective of $96.00.

FIS has been the subject of a number of other research reports. Wolfe Research dropped their price objective on Fidelity National Information Services from $165.00 to $135.00 in a research report on Wednesday, July 20th. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Information Services from $145.00 to $125.00 in a research report on Monday, July 11th. Truist Financial lowered their price target on Fidelity National Information Services from $105.00 to $100.00 and set a hold rating for the company in a report on Thursday, June 30th. Mizuho lowered their price target on Fidelity National Information Services from $130.00 to $120.00 and set a buy rating for the company in a report on Monday, August 8th. Finally, Oppenheimer lowered their price target on Fidelity National Information Services from $126.00 to $118.00 and set an outperform rating for the company in a report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $129.33.

Fidelity National Information Services Trading Down 1.2 %

Shares of FIS stock opened at $89.79 on Thursday. Fidelity National Information Services has a fifty-two week low of $85.00 and a fifty-two week high of $130.17. The stock has a market cap of $54.59 billion, a P/E ratio of 65.07, a P/E/G ratio of 0.87 and a beta of 0.78. The business has a fifty day simple moving average of $96.46 and a 200-day simple moving average of $97.36. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.25.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.01. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. On average, analysts forecast that Fidelity National Information Services will post 7.07 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 15th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 136.23%.

Insider Buying and Selling

In related news, Director Keith W. Hughes sold 5,337 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $100.28, for a total transaction of $535,194.36. Following the transaction, the director now directly owns 24,194 shares of the company’s stock, valued at approximately $2,426,174.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fidelity National Information Services news, EVP Lenore D. Williams sold 2,500 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $100.00, for a total transaction of $250,000.00. Following the sale, the executive vice president now directly owns 21,334 shares in the company, valued at approximately $2,133,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith W. Hughes sold 5,337 shares of Fidelity National Information Services stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $100.28, for a total value of $535,194.36. Following the sale, the director now owns 24,194 shares in the company, valued at $2,426,174.32. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of FIS. AllSquare Wealth Management LLC increased its holdings in shares of Fidelity National Information Services by 26.9% in the 1st quarter. AllSquare Wealth Management LLC now owns 462 shares of the information technology services provider’s stock valued at $46,000 after acquiring an additional 98 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Fidelity National Information Services by 1.4% in the 1st quarter. Ameritas Advisory Services LLC now owns 7,154 shares of the information technology services provider’s stock valued at $718,000 after acquiring an additional 100 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Fidelity National Information Services by 1.4% in the 1st quarter. Benjamin Edwards Inc. now owns 7,501 shares of the information technology services provider’s stock valued at $753,000 after acquiring an additional 101 shares during the last quarter. Carolinas Wealth Consulting LLC increased its holdings in shares of Fidelity National Information Services by 15.5% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 758 shares of the information technology services provider’s stock valued at $83,000 after acquiring an additional 102 shares during the last quarter. Finally, West Family Investments Inc. increased its holdings in shares of Fidelity National Information Services by 0.6% in the 4th quarter. West Family Investments Inc. now owns 16,342 shares of the information technology services provider’s stock valued at $1,784,000 after acquiring an additional 105 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity National Information Services

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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