Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Monetary Management Group Inc.

Monetary Management Group Inc. trimmed its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,533 shares of the information technology services provider’s stock after selling 500 shares during the period. Monetary Management Group Inc.’s holdings in Fidelity National Information Services were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. West Family Investments Inc. grew its holdings in Fidelity National Information Services by 0.5% during the first quarter. West Family Investments Inc. now owns 14,878 shares of the information technology services provider’s stock worth $2,092,000 after acquiring an additional 78 shares during the period. Private Ocean LLC grew its holdings in Fidelity National Information Services by 52.0% during the second quarter. Private Ocean LLC now owns 228 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 78 shares during the period. Motco grew its holdings in Fidelity National Information Services by 19.6% during the second quarter. Motco now owns 476 shares of the information technology services provider’s stock worth $67,000 after acquiring an additional 78 shares during the period. Apollon Wealth Management LLC grew its holdings in Fidelity National Information Services by 3.9% during the second quarter. Apollon Wealth Management LLC now owns 2,112 shares of the information technology services provider’s stock worth $299,000 after acquiring an additional 79 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in Fidelity National Information Services by 3.6% in the first quarter. EP Wealth Advisors LLC now owns 2,335 shares of the information technology services provider’s stock valued at $328,000 after purchasing an additional 82 shares during the period. 89.17% of the stock is currently owned by hedge funds and other institutional investors.

NYSE FIS traded up $0.70 on Monday, hitting $122.73. 26,149 shares of the stock were exchanged, compared to its average volume of 3,432,882. Fidelity National Information Services, Inc. has a 52-week low of $120.17 and a 52-week 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. The company has a market capitalization of $75.81 billion, a price-to-earnings ratio of 871.71, a P/E/G ratio of 1.27 and a beta of 0.81. The company’s 50-day moving average price is $132.27 and its two-hundred day moving average price is $142.03.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.39 billion. Fidelity National Information Services had a net margin of 0.69% and a return on equity of 7.62%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. Equities analysts predict that Fidelity National Information Services, Inc. will post 6.55 EPS for the current fiscal year.

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

In related news, Director Jeffrey A. Goldstein bought 2,222 shares of the firm’s stock in a transaction on Monday, August 9th. The stock was bought at an average price of $134.05 per share, with a total value of $297,859.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.65% of the company’s stock.

Several brokerages have commented on FIS. Mizuho reissued a “buy” rating and issued a $185.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, June 30th. TheStreet cut Fidelity National Information Services from a “b-” rating to a “c+” rating in a research note on Friday, September 10th. Truist cut Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 target price for the company. in a research note on Monday, June 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $153.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 17th. Finally, Truist Securities downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price target for the company. in a report on Monday, June 7th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $165.69.

Fidelity National Information Services Profile

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.

Further Reading: What does a hold rating mean?

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Institutional Ownership by Quarter for Fidelity National Information Services (NYSE:FIS)

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