Fidelity National Information Services, Inc. $FIS Position Reduced by Shell Asset Management Co.

Shell Asset Management Co. trimmed its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 87.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,221 shares of the information technology services provider’s stock after selling 117,578 shares during the quarter. Shell Asset Management Co.’s holdings in Fidelity National Information Services were worth $1,070,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Fidelity National Information Services during the 4th quarter worth approximately $347,000. Geneos Wealth Management Inc. boosted its position in shares of Fidelity National Information Services by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after buying an additional 431 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Fidelity National Information Services during the second quarter valued at $302,000. Mutual Advisors LLC acquired a new position in Fidelity National Information Services during the second quarter valued at $207,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Fidelity National Information Services in the 2nd quarter worth about $373,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 941 shares of the stock in a transaction dated Thursday, January 15th. The shares were acquired at an average price of $64.11 per share, with a total value of $60,327.51. Following the acquisition, the director owned 14,529 shares in the company, valued at approximately $931,454.19. The trade was a 6.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

Fidelity National Information Services Stock Performance

FIS stock opened at $46.74 on Tuesday. The firm has a 50 day moving average of $61.24 and a two-hundred day moving average of $65.10. Fidelity National Information Services, Inc. has a 12 month low of $46.16 and a 12 month high of $82.74. The company has a market capitalization of $24.20 billion, a price-to-earnings ratio of 173.11, a P/E/G ratio of 0.70 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.64.

Fidelity National Information Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 3.8%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 592.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FIS shares. Truist Financial lowered their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Royal Bank Of Canada lowered their price objective on shares of Fidelity National Information Services from $93.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. KeyCorp reiterated a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. Citigroup raised shares of Fidelity National Information Services to a “hold” rating in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a research note on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Fidelity National Information Services presently has a consensus rating of “Hold” and a consensus target price of $78.33.

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.