Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Cut by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC cut its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,210 shares of the information technology services provider’s stock after selling 506 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $2,013,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Paragon Wealth Strategies LLC purchased a new stake in Fidelity National Information Services in the 2nd quarter worth about $26,000. Private Ocean LLC lifted its position in Fidelity National Information Services by 52.0% in the 2nd quarter. Private Ocean LLC now owns 228 shares of the information technology services provider’s stock worth $32,000 after buying an additional 78 shares in the last quarter. Sandy Spring Bank boosted its stake in shares of Fidelity National Information Services by 42.3% during the 2nd quarter. Sandy Spring Bank now owns 276 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 82 shares during the period. Trustcore Financial Services LLC grew its holdings in shares of Fidelity National Information Services by 101.3% during the 2nd quarter. Trustcore Financial Services LLC now owns 308 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 155 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Fidelity National Information Services during the second quarter worth $45,000. 89.17% of the stock is owned by institutional investors.

Several brokerages have weighed in on FIS. Truist lowered Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 target price on the stock. in a research report on Monday, June 7th. They noted that the move was a valuation call. TheStreet lowered Fidelity National Information Services from a “b-” rating to a “c+” rating in a report on Friday, September 10th. Raymond James reduced their target price on Fidelity National Information Services from $194.00 to $178.00 and set a “strong-buy” rating for the company in a report on Wednesday, August 4th. Rosenblatt Securities lifted their price target on shares of Fidelity National Information Services from $150.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, August 4th. Finally, Oppenheimer decreased their price objective on Fidelity National Information Services from $169.00 to $157.00 and set an “outperform” rating on the stock in a report on Wednesday, August 4th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $163.93.

NYSE FIS traded up $0.92 on Wednesday, reaching $124.34. The company had a trading volume of 49,263 shares, compared to its average volume of 3,433,038. Fidelity National Information Services, Inc. has a fifty-two week low of $120.17 and a fifty-two week high of $155.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $76.80 billion, a price-to-earnings ratio of 881.63, a P/E/G ratio of 1.27 and a beta of 0.81. The business has a 50 day moving average of $135.95 and a two-hundred day moving average of $143.04.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 3rd. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.06. Fidelity National Information Services had a net margin of 0.69% and a return on equity of 7.62%. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company earned $1.15 EPS. Fidelity National Information Services’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, research analysts predict 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. Shareholders of record on Friday, September 10th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, September 9th. This represents a $1.56 annualized dividend and a dividend yield of 1.25%. Fidelity National Information Services’s dividend payout ratio is currently 28.57%.

In related news, Director Jeffrey A. Goldstein purchased 2,222 shares of the stock in a transaction that occurred on Monday, August 9th. The shares were bought at an average price 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 insiders.

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.

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

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