Fidelity National Information Services, Inc. (NYSE:FIS) Shares Purchased by abrdn plc

abrdn plc increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 23.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 650,566 shares of the information technology services provider’s stock after acquiring an additional 123,707 shares during the period. abrdn plc owned approximately 0.11% of Fidelity National Information Services worth $39,080,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FIS. Dynamic Advisor Solutions LLC acquired a new stake in Fidelity National Information Services in the 3rd quarter worth about $224,000. CWM LLC boosted its holdings in Fidelity National Information Services by 22.6% in the 3rd quarter. CWM LLC now owns 9,544 shares of the information technology services provider’s stock worth $527,000 after buying an additional 1,758 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Fidelity National Information Services by 34.5% in the 3rd quarter. AE Wealth Management LLC now owns 11,680 shares of the information technology services provider’s stock worth $646,000 after buying an additional 2,994 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Fidelity National Information Services by 10.5% in the 3rd quarter. Global Retirement Partners LLC now owns 7,059 shares of the information technology services provider’s stock worth $383,000 after buying an additional 672 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its holdings in Fidelity National Information Services by 2,642.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 905 shares of the information technology services provider’s stock worth $50,000 after buying an additional 872 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was bought at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group raised their target price on shares of 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. BNP Paribas lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research note on Thursday, April 11th. JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Robert W. Baird lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $76.00 to $78.00 in a research note on Wednesday, March 13th. Finally, Truist Financial lifted their price target on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Eight investment 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 stock. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.59.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $71.30 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average price of $69.40 and a 200 day moving average price of $61.51. The company has a market cap of $41.10 billion, a P/E ratio of -6.34, a PEG ratio of 0.89 and a beta of 0.97. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $74.75.

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

Fidelity National Information Services announced that its Board of Directors has authorized a stock repurchase program on Monday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.44 annualized dividend and a yield of 2.02%. Fidelity National Information Services’s dividend payout ratio is presently -12.81%.

Fidelity National Information Services Company 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.