Bard Financial Services Inc. Sells 2,750 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Bard Financial Services Inc. lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 46.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,130 shares of the information technology services provider’s stock after selling 2,750 shares during the period. Bard Financial Services Inc.’s holdings in Fidelity National Information Services were worth $234,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. CX Institutional grew its holdings in shares of Fidelity National Information Services by 12.8% in the first quarter. CX Institutional now owns 6,177 shares of the information technology services provider’s stock worth $461,000 after acquiring an additional 700 shares during the period. MV Capital Management Inc. grew its holdings in shares of Fidelity National Information Services by 34.1% in the first quarter. MV Capital Management Inc. now owns 3,383 shares of the information technology services provider’s stock worth $253,000 after acquiring an additional 861 shares during the period. Integrated Advisors Network LLC grew its holdings in shares of Fidelity National Information Services by 4.7% in the first quarter. Integrated Advisors Network LLC now owns 3,284 shares of the information technology services provider’s stock worth $245,000 after acquiring an additional 147 shares during the period. SG Americas Securities LLC grew its holdings in shares of Fidelity National Information Services by 93.3% in the first quarter. SG Americas Securities LLC now owns 31,071 shares of the information technology services provider’s stock worth $2,320,000 after acquiring an additional 15,000 shares during the period. Finally, Simplicity Wealth LLC grew its holdings in shares of Fidelity National Information Services by 61.0% in the first quarter. Simplicity Wealth LLC now owns 5,529 shares of the information technology services provider’s stock worth $413,000 after acquiring an additional 2,095 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird lifted their price objective on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, April 4th. Morgan Stanley cut their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada cut their price target on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Susquehanna lowered Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price target for the company from $103.00 to $81.00 in a report on Wednesday, February 12th. Finally, Barclays cut their price target on Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.75.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 844 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the acquisition, the director now directly owns 11,942 shares of the company’s stock, valued at $860,301.68. This represents a 7.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $81.03 on Thursday. The stock has a market capitalization of $42.57 billion, a PE ratio of 31.05, a P/E/G ratio of 1.23 and a beta of 1.06. The business has a 50 day simple moving average of $77.09 and a two-hundred day simple moving average of $77.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Fidelity National Information Services, Inc. has a 1-year low of $66.51 and a 1-year high of $91.98.

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

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, June 10th. Fidelity National Information Services’s dividend payout ratio is presently 105.96%.

Fidelity National Information Services Company 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.