Highland Private Wealth Management Buys New Shares in Fidelity National Information Services, Inc. (NYSE:FIS)

Highland Private Wealth Management bought a new stake in Fidelity National Information Services, Inc. (NYSE:FISGet Rating) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,273 shares of the information technology services provider’s stock, valued at approximately $208,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Private Advisor Group LLC grew its position in Fidelity National Information Services by 1.6% in the second quarter. Private Advisor Group LLC now owns 124,688 shares of the information technology services provider’s stock valued at $11,431,000 after purchasing an additional 1,960 shares in the last quarter. ACG Wealth bought a new position in Fidelity National Information Services in the second quarter valued at $73,000. Rockland Trust Co. grew its position in Fidelity National Information Services by 11.0% in the second quarter. Rockland Trust Co. now owns 4,043 shares of the information technology services provider’s stock valued at $371,000 after purchasing an additional 400 shares in the last quarter. Sargent Bickham Lagudis LLC lifted its stake in Fidelity National Information Services by 47.2% in the second quarter. Sargent Bickham Lagudis LLC now owns 608 shares of the information technology services provider’s stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Fidelity National Information Services by 5.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 44,237 shares of the information technology services provider’s stock valued at $4,055,000 after acquiring an additional 2,175 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Fidelity National Information Services Trading Up 0.1 %

FIS opened at $80.51 on Friday. Fidelity National Information Services, Inc. has a fifty-two week low of $78.77 and a fifty-two week high of $126.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $48.95 billion, a price-to-earnings ratio of 58.34, a PEG ratio of 0.78 and a beta of 0.78. The company’s 50 day moving average price is $94.80 and its two-hundred day moving average price is $96.81.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. Fidelity National Information Services had a net margin of 5.88% and a return on equity of 8.95%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the firm posted $1.61 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 7.07 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a $0.47 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.34%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 136.23%.

Insider Transactions at Fidelity National Information Services

In other news, EVP Lenore D. Williams sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the transaction, the executive vice president now owns 21,334 shares in the company, valued at approximately $2,133,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Lenore D. Williams sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the transaction, the executive vice president now owns 21,334 shares in the company, valued at approximately $2,133,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director now owns 24,194 shares in the company, valued at approximately $2,426,174.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 207,240 shares of company stock worth $18,934,354. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FIS. Truist Financial cut their price target on shares of Fidelity National Information Services from $105.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, June 30th. Wolfe Research cut their price target on shares of Fidelity National Information Services from $165.00 to $135.00 in a research note on Wednesday, July 20th. Oppenheimer cut their price target on shares of Fidelity National Information Services from $126.00 to $118.00 and set an “outperform” rating for the company in a research note on Monday, July 25th. Citigroup cut their price target on shares of Fidelity National Information Services to $128.00 in a research note on Tuesday, August 9th. Finally, Mizuho cut their price target on shares of Fidelity National Information Services from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.11.

Fidelity National Information Services Profile

(Get Rating)

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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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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