Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,573 shares of the information technology services provider’s stock after selling 1,051 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Fidelity National Information Services were worth $4,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FIS. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at about $29,000. Rise Advisors LLC purchased a new stake in Fidelity National Information Services during the 1st quarter valued at approximately $29,000. Delta Asset Management LLC TN raised its stake in Fidelity National Information Services by 600.0% during the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 450 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $35,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at approximately $40,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded up $0.73 during trading hours on Friday, reaching $75.36. 4,935,020 shares of the company’s stock were exchanged, compared to its average volume of 4,388,128. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $74.82 and a 200-day moving average of $68.74. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $78.73.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.14. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $1.29 EPS. Equities analysts expect that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Monday, June 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Wall Street Analyst Weigh In

Several research firms have commented on FIS. Bank of America upped their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Evercore ISI boosted their target price on Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research report on Tuesday, May 7th. Mizuho boosted their target price on Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Finally, Keefe, Bruyette & Woods upped their price target on Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.32.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the business’s stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate 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.