Oppenheimer Asset Management Inc. Trims Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Oppenheimer Asset Management Inc. cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 41.1% during the first quarter, HoldingsChannel reports. The fund owned 52,285 shares of the information technology services provider’s stock after selling 36,496 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fidelity National Information Services were worth $3,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Fidelity National Information Services by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock valued at $1,052,819,000 after acquiring an additional 208,127 shares during the period. Boston Partners boosted its position in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after purchasing an additional 446,544 shares during the period. Norges Bank acquired a new stake in Fidelity National Information Services in the 4th quarter valued at approximately $635,202,000. Finally, Invesco Ltd. raised its position in 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 valued at $611,682,000 after purchasing an additional 632,328 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $72.04 per share, with a total value of $60,801.76. Following the purchase, the director now directly owns 11,942 shares of the company’s stock, valued at $860,301.68. The trade was a 7.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $79.00 to $86.00 in a research note on Monday, April 21st. Royal Bank Of Canada lowered their target price on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Stephens raised their price target on Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Truist Financial initiated coverage on Fidelity National Information Services in a report on Monday, June 2nd. They issued a “hold” rating and a $84.00 price objective on the stock. Finally, Robert W. Baird upped their price target on Fidelity National Information Services from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Fidelity National Information Services Stock Down 1.5%

FIS opened at $80.89 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $79.18 and a two-hundred day moving average price of $77.09. Fidelity National Information Services, Inc. has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a market cap of $42.50 billion, a PE ratio of 53.57, a P/E/G ratio of 1.53 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. As a group, research analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 105.96%.

About Fidelity National Information Services

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.