Resources Management Corp CT ADV Trims Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Resources Management Corp CT ADV lessened its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,637 shares of the information technology services provider’s stock after selling 245 shares during the quarter. Resources Management Corp CT ADV’s holdings in Fidelity National Information Services were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in Fidelity National Information Services by 3.9% during the first quarter. Commonwealth Equity Services LLC now owns 36,974 shares of the information technology services provider’s stock valued at $5,198,000 after purchasing an additional 1,379 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Fidelity National Information Services by 22.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 13,866 shares of the information technology services provider’s stock valued at $1,950,000 after buying an additional 2,499 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Fidelity National Information Services by 4.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,488 shares of the information technology services provider’s stock valued at $350,000 after buying an additional 96 shares in the last quarter. Wesbanco Bank Inc. purchased a new stake in Fidelity National Information Services in the 1st quarter worth $307,000. Finally, Altium Wealth Management LLC raised its holdings in Fidelity National Information Services by 8.2% during the first quarter. Altium Wealth Management LLC now owns 1,906 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 144 shares during the period. Hedge funds and other institutional investors own 89.17% of the company’s stock.

FIS opened at $125.40 on Friday. The stock has a 50-day moving average of $135.19 and a 200 day moving average of $142.80. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. Fidelity National Information Services, Inc. has a 12 month low of $120.17 and a 12 month high of $155.96. The firm has a market cap of $77.46 billion, a P/E ratio of 895.78, a P/E/G ratio of 1.27 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 3rd. The information technology services provider reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.06. Fidelity National Information Services had a return on equity of 7.62% and a net margin of 0.69%. The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the business earned $1.15 EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. On average, research analysts forecast that Fidelity National Information Services, Inc. will post 6.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 10th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, September 9th. Fidelity National Information Services’s dividend payout ratio is currently 28.57%.

In other news, Director Jeffrey A. Goldstein purchased 2,222 shares of the company’s stock in a transaction that occurred on Monday, August 9th. The stock was purchased at an average cost of $134.05 per share, with a total value of $297,859.10. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

FIS has been the subject of several research analyst reports. Oppenheimer cut their target price on Fidelity National Information Services from $169.00 to $157.00 and set an “outperform” rating for the company in a research report on Wednesday, August 4th. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $153.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, August 17th. Truist Securities lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 target price for the company. in a research report on Monday, June 7th. TheStreet downgraded shares of Fidelity National Information Services from a “b-” rating to a “c+” rating in a report on Friday, September 10th. Finally, Truist downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price objective for the company. in a report on Monday, June 7th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $163.93.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.

Recommended Story: How do buyers and sellers choose a strike price?

Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.