Ziegler Capital Management LLC Decreases Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Posted by Defense World Staff on Apr 6th, 2023

Ziegler Capital Management LLC reduced its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) by 96.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,432 shares of the information technology services provider’s stock after selling 124,355 shares during the quarter. Ziegler Capital Management LLC’s holdings in Fidelity National Information Services were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. raised its position in shares of Fidelity National Information Services by 12.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 3,989 shares of the information technology services provider’s stock worth $366,000 after purchasing an additional 441 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of Fidelity National Information Services by 2.0% in the third quarter. Clear Harbor Asset Management LLC now owns 10,834 shares of the information technology services provider’s stock valued at $819,000 after acquiring an additional 210 shares in the last quarter. AMG National Trust Bank purchased a new stake in shares of Fidelity National Information Services in the third quarter valued at $318,000. Advisors Asset Management Inc. boosted its stake in shares of Fidelity National Information Services by 750.1% during the third quarter. Advisors Asset Management Inc. now owns 21,449 shares of the information technology services provider’s stock valued at $1,621,000 after acquiring an additional 18,926 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in Fidelity National Information Services by 5.1% in the 3rd quarter. HB Wealth Management LLC now owns 5,428 shares of the information technology services provider’s stock valued at $410,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey E. Stiefler acquired 2,243 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were bought 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 of the company’s stock, valued at $223,579.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Jeffrey E. Stiefler purchased 2,243 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was acquired at an average price of $66.88 per share, for a total transaction of $150,011.84. Following the completion of the purchase, the director now owns 3,343 shares in the company, valued at $223,579.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Erik D. Hoag sold 5,658 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $63.88, for a total transaction of $361,433.04. Following the transaction, the chief financial officer now directly owns 16,368 shares of the company’s stock, valued at $1,045,587.84. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FIS has been the topic of several analyst reports. StockNews.com cut shares of Fidelity National Information Services from a “hold” rating to a “sell” rating in a research note on Monday. Credit Suisse Group cut shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $85.00 to $75.00 in a research note on Tuesday, February 14th. Stephens reissued 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. Jefferies Financial Group lowered their price objective on Fidelity National Information Services from $65.00 to $60.00 in a research report on Wednesday, March 15th. Finally, Citigroup downgraded Fidelity National Information Services from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $85.00 to $70.00 in a research report on Tuesday, February 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $89.48.

Fidelity National Information Services Trading Up 1.5 %

NYSE:FIS opened at $53.72 on Thursday. The business’s 50-day moving average is $62.68 and its two-hundred day moving average is $68.54. The firm has a market capitalization of $31.80 billion, a PE ratio of -1.90, a price-to-earnings-growth ratio of 0.89 and a beta of 0.82. Fidelity National Information Services, Inc. has a 12 month low of $48.57 and a 12 month high of $106.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.79 and a quick ratio of 0.79.

Fidelity National Information Services (NYSE:FIS – Get Rating) last announced its earnings results on Monday, February 13th. The information technology services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.70 by $0.01. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.69 billion. Fidelity National Information Services had a positive return on equity of 9.71% and a negative net margin of 115.07%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $1.92 EPS. Research analysts predict that Fidelity National Information Services, Inc. will post 5.87 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were paid a $0.52 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, March 9th. This represents a $2.08 annualized dividend and a dividend yield of 3.87%. Fidelity National Information Services’s payout ratio is -7.37%.

About Fidelity National Information Services

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

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