Drucker Wealth 3.0 LLC Sells 13,005 Shares of Fidelity National Information Services, Inc. $FIS

Drucker Wealth 3.0 LLC lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 62.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,675 shares of the information technology services provider’s stock after selling 13,005 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Fidelity National Information Services were worth $506,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC lifted its holdings in shares of Fidelity National Information Services by 115.1% during the 2nd quarter. NewSquare Capital LLC now owns 357 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 191 shares during the last quarter. LRI Investments LLC increased its position in Fidelity National Information Services by 613.1% during the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 374 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Fidelity National Information Services in the third quarter valued at about $29,000. Valued Wealth Advisors LLC acquired a new stake in Fidelity National Information Services in the second quarter worth about $42,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Fidelity National Information Services during the third quarter worth about $37,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 941 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the purchase, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Performance

FIS opened at $48.60 on Thursday. The firm has a fifty day moving average price of $60.53 and a 200 day moving average price of $64.76. Fidelity National Information Services, Inc. has a 1 year low of $46.16 and a 1 year high of $82.74. The stock has a market cap of $25.17 billion, a P/E ratio of 179.99, a P/E/G ratio of 0.71 and a beta of 0.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53.

Fidelity National Information Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s payout ratio is presently 592.59%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group lifted their target price on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Stephens lowered their price objective on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Wells Fargo & Company started coverage on Fidelity National Information Services in a research report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 target price on the stock. Cantor Fitzgerald initiated coverage on Fidelity National Information Services in a research report on Tuesday, January 27th. They set an “overweight” rating and a $72.00 price target for the company. Finally, Truist Financial cut their price objective on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $77.94.

Fidelity National Information Services Profile

Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.

FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.