Fidelity National Information Services, Inc. (NYSE:FIS) Position Lessened by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 9,719 shares of the information technology services provider’s stock after selling 752 shares during the quarter. Moors & Cabot Inc.’s holdings in Fidelity National Information Services were worth $532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Fidelity National Information Services by 3.0% during the first quarter. BlackRock Inc. now owns 58,898,093 shares of the information technology services provider’s stock worth $3,199,933,000 after acquiring an additional 1,728,137 shares in the last quarter. Dodge & Cox raised its holdings in shares of Fidelity National Information Services by 4.9% during the first quarter. Dodge & Cox now owns 27,493,640 shares of the information technology services provider’s stock worth $1,493,729,000 after acquiring an additional 1,273,025 shares in the last quarter. State Street Corp raised its holdings in shares of Fidelity National Information Services by 1.4% during the first quarter. State Street Corp now owns 26,456,658 shares of the information technology services provider’s stock worth $1,437,381,000 after acquiring an additional 367,417 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Fidelity National Information Services by 34.0% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,216,799 shares of the information technology services provider’s stock worth $609,409,000 after acquiring an additional 2,848,636 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Fidelity National Information Services by 1.0% during the first quarter. Geode Capital Management LLC now owns 10,572,297 shares of the information technology services provider’s stock worth $573,144,000 after buying an additional 107,041 shares during the last quarter. 85.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Ellen R. Alemany purchased 855 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was purchased at an average price of $53.00 per share, for a total transaction of $45,315.00. Following the completion of the purchase, the director now directly owns 4,598 shares in the company, valued at $243,694. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Fidelity National Information Services Stock Up 1.4 %

Shares of FIS opened at $54.67 on Friday. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of -1.34, a P/E/G ratio of 1.47 and a beta of 0.84. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $79.32. The company has a 50-day moving average price of $53.20 and a two-hundred day moving average price of $55.29.

Fidelity National Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, December 7th. Fidelity National Information Services’s dividend payout ratio is -5.08%.

Analyst Upgrades and Downgrades

Several research firms have commented on FIS. Morgan Stanley lowered their target price on shares of Fidelity National Information Services from $79.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. Raymond James lowered their target price on shares of Fidelity National Information Services from $79.00 to $71.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, November 8th. Seaport Res Ptn reissued a “neutral” rating on shares of Fidelity National Information Services in a research report on Thursday, October 12th. Barclays raised shares of Fidelity National Information Services from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $62.00 to $69.00 in a research report on Thursday, October 19th. Finally, Truist Financial increased their target price on shares of Fidelity National Information Services from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

Fidelity National Information Services Company Profile

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.