Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 37.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,172 shares of the information technology services provider’s stock after selling 3,679 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Fidelity National Information Services were worth $466,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Aviva PLC boosted its position in Fidelity National Information Services by 5.7% during the third quarter. Aviva PLC now owns 538,501 shares of the information technology services provider’s stock worth $40,695,000 after acquiring an additional 29,165 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $595,000. FORA Capital LLC acquired a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $3,395,000. Engle Capital Management L.P. lifted its position in Fidelity National Information Services by 44.2% during the third quarter. Engle Capital Management L.P. now owns 173,000 shares of the information technology services provider’s stock worth $16,188,000 after buying an additional 53,000 shares in the last quarter. Finally, Kerrisdale Advisers LLC boosted its stake in Fidelity National Information Services by 107.0% during the third quarter. Kerrisdale Advisers LLC now owns 38,374 shares of the information technology services provider’s stock worth $2,900,000 after buying an additional 19,835 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Fidelity National Information Services news, Director Jeffrey E. Stiefler purchased 2,243 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were purchased at an average cost of $66.88 per share, for a total transaction of $150,011.84. Following the completion of the purchase, the director now directly owns 3,343 shares in the company, valued at $223,579.84. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.68% of the stock is currently owned by insiders.
Fidelity National Information Services Price Performance
Fidelity National Information Services (NYSE:FIS – Get Rating) last announced its quarterly earnings data on Monday, February 13th. The information technology services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.01. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Fidelity National Information Services had a negative net margin of 115.07% and a positive return on equity of 9.71%. Fidelity National Information Services’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 EPS. Equities analysts predict that Fidelity National Information Services, Inc. will post 5.88 earnings per share for the current year.
Fidelity National Information Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, March 9th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.47. Fidelity National Information Services’s payout ratio is currently -6.66%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Morgan Stanley raised shares of Fidelity National Information Services from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $73.00 to $79.00 in a research report on Tuesday, February 14th. TheStreet cut Fidelity National Information Services from a “c” rating to a “d” rating in a report on Monday, February 13th. Evercore ISI reduced their target price on Fidelity National Information Services to $95.00 in a research report on Friday, December 2nd. Robert W. Baird lowered their price target on Fidelity National Information Services from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, February 14th. Finally, Truist Financial decreased their target price on shares of Fidelity National Information Services from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Tuesday, February 14th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.83.
Fidelity National Information Services Profile
Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, Capital Markets, and Corporate and Other. The Merchant segment focuses on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.
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