Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 122,933 shares of the information technology services provider’s stock after selling 1,710 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $7,385,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FIS. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services during the third quarter worth about $25,000. Baystate Wealth Management LLC raised its stake in Fidelity National Information Services by 332.1% during the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 372 shares during the period. Brown Brothers Harriman & Co. raised its stake in Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 130 shares during the period. McCarthy Grittinger Financial Group LLC increased its stake in shares of Fidelity National Information Services by 101.1% in the third quarter. McCarthy Grittinger Financial Group LLC now owns 573 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 288 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Activity at Fidelity National Information Services

In other news, Director Ellen R. Alemany purchased 735 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 17th. The stock was acquired at an average price of $60.32 per share, for a total transaction of $44,335.20. Following the transaction, the director now owns 35,333 shares in the company, valued at $2,131,286.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is owned by insiders.

Fidelity National Information Services Trading Up 1.1 %

Shares of NYSE:FIS opened at $73.86 on Wednesday. The stock has a market capitalization of $42.58 billion, a price-to-earnings ratio of -6.57, a PEG ratio of 0.91 and a beta of 0.97. Fidelity National Information Services, Inc. has a 1-year low of $46.91 and a 1-year high of $74.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50 day moving average price of $67.77 and a 200 day moving average price of $60.49.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.71 EPS. On average, research analysts anticipate that Fidelity National Information Services, Inc. will post 4.66 EPS for the current fiscal year.

Fidelity National Information Services announced that its board has initiated a share repurchase program on Monday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Fidelity National Information Services Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.36 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a dividend yield of 1.95%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Analyst Upgrades and Downgrades

FIS has been the topic of several analyst reports. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research note on Monday, February 26th. The Goldman Sachs Group initiated coverage on shares of Fidelity National Information Services in a research note on Thursday, February 29th. They issued a “buy” rating and a $84.00 price target on the stock. Robert W. Baird lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and raised their price target for the company from $76.00 to $78.00 in a research note on Wednesday, March 13th. Truist Financial raised their price target on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and an average target price of $70.73.

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.