National Bank of Canada FI lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 2,113.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 430,021 shares of the information technology services provider’s stock after acquiring an additional 410,595 shares during the period. National Bank of Canada FI owned approximately 0.07% of Fidelity National Information Services worth $29,177,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in FIS. Laurel Wealth Advisors Inc. grew its stake in shares of Fidelity National Information Services by 1.5% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider’s stock valued at $756,000 after buying an additional 111 shares during the period. EP Wealth Advisors LLC grew its stake in shares of Fidelity National Information Services by 3.8% in the 1st quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock valued at $311,000 after buying an additional 112 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Fidelity National Information Services by 1.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,872 shares of the information technology services provider’s stock valued at $595,000 after buying an additional 129 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of Fidelity National Information Services by 83.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 130 shares during the period. Finally, Transcend Capital Advisors LLC grew its stake in shares of Fidelity National Information Services by 2.2% in the 3rd quarter. Transcend Capital Advisors LLC now owns 6,215 shares of the information technology services provider’s stock valued at $470,000 after buying an additional 132 shares during the period. 90.25% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently commented on FIS shares. Citigroup downgraded Fidelity National Information Services from a “buy” rating to a “neutral” rating and reduced their target price for the company from $85.00 to $70.00 in a research note on Tuesday, February 14th. Truist Financial reduced their target price on Fidelity National Information Services from $65.00 to $56.00 in a research note on Thursday, March 16th. Mizuho cut their price target on Fidelity National Information Services from $90.00 to $78.00 and set a “buy” rating for the company in a research note on Tuesday, February 21st. Jefferies Financial Group cut their price target on Fidelity National Information Services from $65.00 to $60.00 in a research note on Wednesday, March 15th. Finally, Stephens reiterated an “equal weight” rating and set a $80.00 price target on shares of Fidelity National Information Services in a research note on Monday, February 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.48.
Fidelity National Information Services Trading Up 4.1 %
Fidelity National Information Services (NYSE:FIS – Get Rating) last posted its quarterly earnings results on Monday, February 13th. The information technology services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 5.87 earnings per share for the current year.
Fidelity National Information Services Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Thursday, March 9th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.47. Fidelity National Information Services’s payout ratio is -7.37%.
Insider Buying and Selling
In other Fidelity National Information Services news, Director Jeffrey E. Stiefler bought 2,243 shares of the stock in a transaction on Wednesday, February 22nd. The shares were acquired at an average price of $66.88 per share, with a total value of $150,011.84. Following the acquisition, the director now directly owns 3,343 shares of the company’s stock, valued at approximately $223,579.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Fidelity National Information Services news, CFO Erik D. Hoag sold 5,658 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $63.88, for a total transaction of $361,433.04. Following the sale, the chief financial officer now owns 16,368 shares of the company’s stock, valued at approximately $1,045,587.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey E. Stiefler bought 2,243 shares of the stock in a transaction on Wednesday, February 22nd. The shares were acquired at an average cost of $66.88 per share, for a total transaction of $150,011.84. Following the acquisition, the director now directly owns 3,343 shares in the company, valued at $223,579.84. The disclosure for this purchase can be found here. 0.68% of the stock is currently owned by insiders.
About Fidelity National Information Services
Fidelity National Information Services, Inc engages in the provision of technology solutions for financial institutions and businesses. It operates through the following segments: Banking, Merchant, Capital Markets, and Corporate and Other. The Banking segment focuses on serving financial institutions with core processing software, transaction processing software, and complementary applications and services.
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