Monetary Management Group Inc. Sells 500 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Monetary Management Group Inc. reduced its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,533 shares of the information technology services provider’s stock after selling 500 shares during the quarter. Monetary Management Group Inc.’s holdings in Fidelity National Information Services were worth $926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of FIS. Guyasuta Investment Advisors Inc. increased its stake in shares of Fidelity National Information Services by 5.4% in the second quarter. Guyasuta Investment Advisors Inc. now owns 89,768 shares of the information technology services provider’s stock worth $12,717,000 after buying an additional 4,577 shares during the period. Kentucky Retirement Systems purchased a new position in shares of Fidelity National Information Services in the second quarter worth $5,116,000. Bank of Montreal Can increased its stake in shares of Fidelity National Information Services by 25.3% in the second quarter. Bank of Montreal Can now owns 716,923 shares of the information technology services provider’s stock worth $102,090,000 after buying an additional 144,853 shares during the period. Banque Pictet & Cie SA increased its stake in shares of Fidelity National Information Services by 3.8% in the second quarter. Banque Pictet & Cie SA now owns 428,579 shares of the information technology services provider’s stock worth $60,717,000 after buying an additional 15,859 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in shares of Fidelity National Information Services by 3.9% in the second quarter. Apollon Wealth Management LLC now owns 2,112 shares of the information technology services provider’s stock worth $299,000 after buying an additional 79 shares during the period. 89.17% of the stock is currently owned by hedge funds and other institutional investors.

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 2,222 shares of the firm’s stock in a transaction on Monday, August 9th. The stock was acquired at an average price of $134.05 per share, with a total value of $297,859.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.65% of the stock is currently owned by insiders.

FIS has been the topic of several analyst reports. TheStreet downgraded shares of Fidelity National Information Services from a “b-” rating to a “c+” rating in a research note on Friday, September 10th. Truist cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price target on the stock. in a report on Monday, June 7th. They noted that the move was a valuation call. Oppenheimer cut their price target on shares of 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. Truist Securities cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price target on the stock. in a report on Monday, June 7th. Finally, Raymond James cut their price target on shares of Fidelity National Information Services from $194.00 to $178.00 and set a “strong-buy” rating on the stock in a report on Wednesday, August 4th. Five investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $165.69.

Fidelity National Information Services stock traded up $0.70 during mid-day trading on Monday, reaching $122.73. The stock had a trading volume of 26,149 shares, compared to its average volume of 3,432,882. The company has a market capitalization of $75.81 billion, a price-to-earnings ratio of 871.71, a PEG ratio of 1.27 and a beta of 0.81. The company has a 50-day moving average price of $132.27 and a two-hundred day moving average price of $142.03. Fidelity National Information Services, Inc. has a one year low of $120.17 and a one year 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.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 3rd. The information technology services provider reported $1.61 earnings per share 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 business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm earned $1.15 EPS. Fidelity National Information Services’s revenue was up 17.3% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity National Information Services, Inc. will post 6.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 24th. Shareholders of record on Friday, September 10th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Thursday, September 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 28.57%.

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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