OLD National Bancorp IN Cuts Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

OLD National Bancorp IN trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 45.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,587 shares of the information technology services provider’s stock after selling 6,342 shares during the quarter. OLD National Bancorp IN’s holdings in Fidelity National Information Services were worth $567,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $451,458,000. Csenge Advisory Group increased its stake in Fidelity National Information Services by 44.4% during the 4th quarter. Csenge Advisory Group now owns 13,446 shares of the information technology services provider’s stock worth $1,086,000 after buying an additional 4,134 shares during the period. WealthShield Partners LLC lifted its holdings in Fidelity National Information Services by 27.4% during the 4th quarter. WealthShield Partners LLC now owns 27,500 shares of the information technology services provider’s stock worth $2,221,000 after buying an additional 5,913 shares in the last quarter. Brighton Jones LLC purchased a new position in Fidelity National Information Services in the 4th quarter valued at approximately $347,000. Finally, DnB Asset Management AS grew its stake in shares of Fidelity National Information Services by 92.9% in the fourth quarter. DnB Asset Management AS now owns 184,532 shares of the information technology services provider’s stock worth $14,905,000 after acquiring an additional 88,875 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the transaction, the director now directly owns 11,942 shares in the company, valued at $860,301.68. This trade represents a 7.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Up 0.6%

Shares of NYSE:FIS opened at $81.71 on Tuesday. The firm has a 50 day simple moving average of $76.74 and a 200-day simple moving average of $77.35. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $42.93 billion, a PE ratio of 31.31, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. Fidelity National Information Services’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 earnings per share. On average, equities analysts predict that Fidelity National Information Services, Inc. will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 18th. Compass Point reduced their price target on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley decreased their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Truist Financial began coverage on shares of Fidelity National Information Services in a research note on Monday, June 2nd. They set a “hold” rating and a $84.00 target price on the stock. Finally, TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.75.

Fidelity National Information Services Profile

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