Metis Global Partners LLC Sells 2,353 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Metis Global Partners LLC lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,382 shares of the information technology services provider’s stock after selling 2,353 shares during the period. Metis Global Partners LLC’s holdings in Fidelity National Information Services were worth $1,525,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Fidelity National Information Services by 12.7% during the 3rd quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock valued at $3,199,306,000 after acquiring an additional 6,503,451 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Fidelity National Information Services by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,498,166 shares of the information technology services provider’s stock worth $458,850,000 after purchasing an additional 33,881 shares during the last quarter. Northern Trust Corp lifted its holdings in Fidelity National Information Services by 10.6% during the 3rd quarter. Northern Trust Corp now owns 7,423,200 shares of the information technology services provider’s stock valued at $410,280,000 after buying an additional 708,947 shares in the last quarter. London Co. of Virginia boosted its position in Fidelity National Information Services by 59.4% in the 3rd quarter. London Co. of Virginia now owns 7,069,492 shares of the information technology services provider’s stock valued at $390,731,000 after buying an additional 2,633,196 shares during the period. Finally, Baupost Group LLC MA grew its stake in Fidelity National Information Services by 2.7% in the 3rd quarter. Baupost Group LLC MA now owns 6,960,219 shares of the information technology services provider’s stock worth $384,691,000 after acquiring an additional 185,219 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $74.31 on Wednesday. The company has a market capitalization of $41.73 billion, a PE ratio of -6.61, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98. 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’s fifty day moving average price is $70.79 and its 200 day moving average price is $62.91. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $75.71.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the company posted $1.29 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts predict that Fidelity National Information Services, Inc. will post 4.71 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.94%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Fidelity National Information Services declared that its Board of Directors has authorized a stock repurchase program on Monday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on FIS. Truist Financial increased their price objective on Fidelity National Information Services from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday. Royal Bank of Canada lifted their target price on Fidelity National Information Services from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Finally, BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $75.29.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 775 shares of the stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

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.