Janney Montgomery Scott LLC Sells 454 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Posted by Defense World Staff on Jul 23rd, 2023

Janney Montgomery Scott LLC cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,463 shares of the information technology services provider’s stock after selling 454 shares during the period. Janney Montgomery Scott LLC’s holdings in Fidelity National Information Services were worth $6,599,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Korea Investment CORP grew its stake in Fidelity National Information Services by 9.3% in the fourth quarter. Korea Investment CORP now owns 236,690 shares of the information technology services provider’s stock valued at $16,059,000 after acquiring an additional 20,115 shares during the period. Keybank National Association OH lifted its holdings in shares of Fidelity National Information Services by 7.7% in the fourth quarter. Keybank National Association OH now owns 6,619 shares of the information technology services provider’s stock valued at $449,000 after purchasing an additional 472 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Fidelity National Information Services by 41.4% in the first quarter. Archford Capital Strategies LLC now owns 15,754 shares of the information technology services provider’s stock valued at $846,000 after purchasing an additional 4,613 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Fidelity National Information Services by 1,294.7% in the first quarter. Brookstone Capital Management now owns 64,143 shares of the information technology services provider’s stock valued at $3,723,000 after purchasing an additional 59,544 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in Fidelity National Information Services by 125.3% during the first quarter. IFP Advisors Inc now owns 19,069 shares of the information technology services provider’s stock worth $1,969,000 after acquiring an additional 10,606 shares during the period. 90.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ellen R. Alemany acquired 760 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was acquired at an average price of $58.82 per share, for a total transaction of $44,703.20. Following the completion of the acquisition, the director now owns 3,743 shares in the company, valued at $220,163.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fidelity National Information Services news, CFO Erik D. Hoag sold 3,451 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $54.15, for a total value of $186,871.65. Following the completion of the transaction, the chief financial officer now owns 19,887 shares in the company, valued at $1,076,881.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ellen R. Alemany acquired 760 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was purchased at an average price of $58.82 per share, with a total value of $44,703.20. Following the acquisition, the director now owns 3,743 shares of the company’s stock, valued at approximately $220,163.26. The disclosure for this purchase can be found here. 0.68% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $61.56 on Friday. The stock has a fifty day moving average of $56.07 and a 200 day moving average of $59.96. Fidelity National Information Services, Inc. has a 52 week low of $48.57 and a 52 week high of $105.16. The firm has a market capitalization of $36.47 billion, a price-to-earnings ratio of -2.18, a PEG ratio of 0.93 and a beta of 0.81. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.51.

Fidelity National Information Services (NYSE:FIS – Get Free Report) last announced its quarterly earnings results on Thursday, April 27th. The information technology services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.09. Fidelity National Information Services had a positive return on equity of 10.66% and a negative net margin of 114.79%. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the firm posted $1.47 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. As a group, research analysts expect that Fidelity National Information Services, Inc. will post 5.95 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, September 7th. Fidelity National Information Services’s payout ratio is -7.38%.

Analysts Set New Price Targets

A number of analysts recently commented on FIS shares. Stephens dropped their price target on Fidelity National Information Services from $70.00 to $69.00 in a report on Friday, July 7th. Barclays upped their price objective on shares of Fidelity National Information Services from $58.00 to $62.00 in a report on Monday, May 1st. StockNews.com started coverage on Fidelity National Information Services in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Mizuho upped their price target on Fidelity National Information Services from $78.00 to $80.00 in a research report on Monday, May 1st. Finally, 22nd Century Group reiterated a “maintains” rating on shares of Fidelity National Information Services in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.27.

Fidelity National Information Services Profile

(Free Report)

Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.