Hexagon Capital Partners LLC Cuts Stock Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Hexagon Capital Partners LLC lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 29.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 476 shares of the information technology services provider’s stock after selling 198 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Fidelity National Information Services were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of FIS. JPMorgan Chase & Co. lifted its holdings in Fidelity National Information Services by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock valued at $166,408,000 after acquiring an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $1,244,000. Korea Investment CORP lifted its stake in shares of Fidelity National Information Services by 5.5% in the third quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock valued at $11,890,000 after purchasing an additional 11,181 shares during the period. Sapient Capital LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth about $1,076,000. Finally, Global Retirement Partners LLC increased its holdings in Fidelity National Information Services by 8.6% in the fourth quarter. Global Retirement Partners LLC now owns 7,666 shares of the information technology services provider’s stock valued at $469,000 after buying an additional 607 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Information Services Price Performance

FIS stock opened at $70.72 on Friday. The company has a market cap of $39.71 billion, a PE ratio of -6.29, a price-to-earnings-growth ratio of 0.85 and a beta of 0.98. 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 stock has a 50-day moving average price of $70.43 and a two-hundred day moving average price of $62.34. 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:FISGet Free Report) last released its quarterly earnings data 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 analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the firm earned $1.71 earnings per share. Fidelity National Information Services’s quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services announced that its Board of Directors has initiated a stock buyback plan on Monday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. 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

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired 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 owns 9,052 shares in the company, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

FIS has been the subject of several research analyst reports. Mizuho raised their price objective on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group assumed coverage on Fidelity National Information Services in a research report on Thursday, February 29th. They set a “buy” rating and a $84.00 price target for the company. Morgan Stanley upped their price objective on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Royal Bank of Canada lifted their price objective on Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Finally, Truist Financial upped their target price on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and an average price target of $72.50.

View Our Latest Stock Report on Fidelity National Information Services

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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