Commerce Bank Has $4.82 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Commerce Bank cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,153 shares of the information technology services provider’s stock after selling 12,216 shares during the quarter. Commerce Bank’s holdings in Fidelity National Information Services were worth $4,815,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at $29,000. Delta Asset Management LLC TN grew its holdings in Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 450 shares in the last quarter. BKM Wealth Management LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at $35,000. Criterion Capital Advisors LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at $40,000. Finally, ORG Partners LLC acquired a new position in Fidelity National Information Services in the 4th quarter valued at $48,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of $72.37 per share, for a total transaction 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 $655,093.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $77.79 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a 12 month low of $46.91 and a 12 month high of $78.73. The stock has a 50-day moving average price of $72.72 and a two-hundred day moving average price of $65.25.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate 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%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services declared that its Board of Directors has initiated a share buyback program on Monday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, June 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.85%. Fidelity National Information Services’s dividend payout ratio (DPR) is -14.08%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stephens reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Susquehanna increased their target price on Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a report on Wednesday, May 8th. Truist Financial increased their target price on Fidelity National Information Services from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $78.11.

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.