Fidelity National Information Services, Inc. (NYSE:FIS) Position Reduced by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,886 shares of the information technology services provider’s stock after selling 7,074 shares during the period. Hohimer Wealth Management LLC’s holdings in Fidelity National Information Services were worth $1,795,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Allworth Financial LP lifted its stake in Fidelity National Information Services by 14.4% during the third quarter. Allworth Financial LP now owns 1,637 shares of the information technology services provider’s stock valued at $90,000 after purchasing an additional 206 shares during the last quarter. MGO One Seven LLC lifted its position in shares of Fidelity National Information Services by 37.6% during the 3rd quarter. MGO One Seven LLC now owns 15,988 shares of the information technology services provider’s stock valued at $884,000 after acquiring an additional 4,370 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Fidelity National Information Services by 1.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 917,463 shares of the information technology services provider’s stock worth $50,708,000 after acquiring an additional 11,914 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Fidelity National Information Services by 20.0% in the 3rd quarter. Corient Private Wealth LLC now owns 122,269 shares of the information technology services provider’s stock worth $6,760,000 after acquiring an additional 20,395 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Fidelity National Information Services by 29.0% during the third quarter. EverSource Wealth Advisors LLC now owns 4,026 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 905 shares during the period. Institutional investors own 96.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on FIS. Keefe, Bruyette & Woods increased their price target on Fidelity National Information Services from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Robert W. Baird boosted their price target on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Truist Financial upped their price target on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a research report on Monday, February 26th. Finally, Morgan Stanley increased their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.11.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 775 shares of the stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of $72.37 per share, with a total value of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Down 1.2 %

Shares of NYSE:FIS traded down $0.89 during midday trading on Thursday, hitting $76.35. 1,528,587 shares of the stock were exchanged, compared to its average volume of 4,426,467. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $78.73. The business’s fifty day simple moving average is $72.38 and its two-hundred day simple moving average is $64.89. The company has a market capitalization of $42.47 billion, a PE ratio of -7.55, a P/E/G ratio of 0.80 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. Fidelity National Information Services’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 4.97 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Monday, June 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Fidelity National Information Services announced that its Board of Directors has initiated a stock buyback plan on Monday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.