Envestnet Portfolio Solutions Inc. Sells 7,101 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 45.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,466 shares of the information technology services provider’s stock after selling 7,101 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity National Information Services were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FIS. Brighton Jones LLC bought a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $347,000. Atria Wealth Solutions Inc. lifted its position in shares of Fidelity National Information Services by 14.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,928 shares of the information technology services provider’s stock worth $640,000 after acquiring an additional 1,022 shares during the period. Wealthspire Advisors LLC lifted its position in shares of Fidelity National Information Services by 13.8% in the 4th quarter. Wealthspire Advisors LLC now owns 5,438 shares of the information technology services provider’s stock worth $439,000 after acquiring an additional 658 shares during the period. IFP Advisors Inc lifted its position in shares of Fidelity National Information Services by 5.4% in the 4th quarter. IFP Advisors Inc now owns 5,258 shares of the information technology services provider’s stock worth $425,000 after acquiring an additional 271 shares during the period. Finally, National Pension Service lifted its position in shares of Fidelity National Information Services by 24.3% in the 4th quarter. National Pension Service now owns 1,137,915 shares of the information technology services provider’s stock worth $91,909,000 after acquiring an additional 222,435 shares during the period. Institutional investors own 96.23% of the company’s stock.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares in the company, valued at approximately $860,301.68. This trade represents a 7.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Truist Financial assumed coverage on Fidelity National Information Services in a research report on Monday, June 2nd. They issued a “hold” rating and a $84.00 price objective for the company. Citigroup upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $79.00 to $86.00 in a research report on Monday, April 21st. UBS Group raised their price objective on Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Stephens raised their price objective on Fidelity National Information Services from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reduced their price objective on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Fidelity National Information Services Stock Down 0.8%

NYSE:FIS opened at $80.10 on Friday. Fidelity National Information Services, Inc. has a 1 year low of $66.51 and a 1 year high of $91.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The stock has a market cap of $42.08 billion, a price-to-earnings ratio of 53.05, a PEG ratio of 1.50 and a beta of 1.06. The stock has a 50-day moving average price of $79.29 and a two-hundred day moving average price of $77.06.

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

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. Fidelity National Information Services’s dividend payout ratio (DPR) is 105.96%.

Fidelity National Information Services 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.