Insight Wealth Strategies LLC Acquires 4,490 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Insight Wealth Strategies LLC boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 131.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,893 shares of the information technology services provider’s stock after purchasing an additional 4,490 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Fidelity National Information Services were worth $1,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Foster Group Inc. increased its position in Fidelity National Information Services by 1.9% during the 1st quarter. Foster Group Inc. now owns 4,130 shares of the information technology services provider’s stock valued at $581,000 after buying an additional 77 shares in the last quarter. Hudock Inc. increased its position in Fidelity National Information Services by 48.3% during the 1st quarter. Hudock Inc. now owns 258 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 84 shares in the last quarter. Glassman Wealth Services increased its position in Fidelity National Information Services by 14.1% during the 4th quarter. Glassman Wealth Services now owns 689 shares of the information technology services provider’s stock valued at $97,000 after buying an additional 85 shares in the last quarter. Scotia Capital Inc. increased its position in Fidelity National Information Services by 0.7% during the 4th quarter. Scotia Capital Inc. now owns 13,191 shares of the information technology services provider’s stock valued at $1,866,000 after buying an additional 87 shares in the last quarter. Finally, Banco Santander S.A. increased its position in Fidelity National Information Services by 1.3% during the 1st quarter. Banco Santander S.A. now owns 6,815 shares of the information technology services provider’s stock valued at $958,000 after buying an additional 89 shares in the last quarter. 89.02% of the stock is currently owned by institutional investors.

In other Fidelity National Information Services news, EVP Marc M. Mayo sold 27,409 shares of the stock in a transaction that occurred on Thursday, April 8th. The stock was sold at an average price of $150.00, for a total transaction of $4,111,350.00. Following the completion of the transaction, the executive vice president now owns 57,889 shares of the company’s stock, valued at $8,683,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James B. Stallings, Jr. sold 17,800 shares of the stock in a transaction that occurred on Wednesday, June 9th. The shares were sold at an average price of $144.95, for a total value of $2,580,110.00. Following the transaction, the director now directly owns 18,805 shares of the company’s stock, valued at approximately $2,725,784.75. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Several research analysts recently issued reports on FIS shares. Robert W. Baird upped their target price on Fidelity National Information Services from $166.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, April 15th. Rosenblatt Securities boosted their price target on Fidelity National Information Services from $146.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 7th. Truist Securities downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price target on the stock. in a research note on Monday. Morgan Stanley boosted their price target on Fidelity National Information Services from $149.00 to $154.00 and gave the company an “equal weight” rating in a research note on Friday, May 14th. Finally, Raymond James boosted their price target on Fidelity National Information Services from $170.00 to $194.00 and gave the company a “strong-buy” rating in a research note on Friday, May 7th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $165.59.

Shares of FIS stock opened at $145.97 on Friday. The stock has a market capitalization of $90.52 billion, a P/E ratio of -382.57, a P/E/G ratio of 1.22 and a beta of 0.85. The business’s 50 day simple moving average is $149.54. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.34. Fidelity National Information Services, Inc. has a 12-month low of $120.17 and a 12-month high of $156.73.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Thursday, May 6th. The information technology services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.16 billion. Fidelity National Information Services had a positive return on equity of 7.01% and a negative net margin of 1.82%. Fidelity National Information Services’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 earnings per share. Equities research analysts anticipate that Fidelity National Information Services, Inc. will post 6.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Friday, June 11th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, June 10th. This represents a $1.56 dividend on an annualized basis and a yield of 1.07%. Fidelity National Information Services’s dividend payout ratio is currently 28.57%.

Fidelity National Information Services Company Profile

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 merchant acquiring, integrated payment, and global e-commerce solutions.

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

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