Fidelity National Information Services, Inc. $FIS Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 80.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,653 shares of the information technology services provider’s stock after selling 10,929 shares during the quarter. Federated Hermes Inc.’s holdings in Fidelity National Information Services were worth $175,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its position in shares of Fidelity National Information Services by 21.9% during the third quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 150 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in shares of Fidelity National Information Services by 3.1% in the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after buying an additional 162 shares in the last quarter. FJ Capital Management LLC grew its stake in Fidelity National Information Services by 4.7% during the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock valued at $293,000 after acquiring an additional 163 shares in the last quarter. Gratus Wealth Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 1.4% during the 3rd quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock worth $817,000 after purchasing an additional 170 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of Fidelity National Information Services by 0.7% in the second quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock valued at $1,981,000 after purchasing an additional 175 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Trading Down 2.6%

NYSE FIS opened at $50.59 on Tuesday. The firm’s 50-day moving average is $63.06 and its two-hundred day moving average is $66.27. Fidelity National Information Services, Inc. has a 12 month low of $50.22 and a 12 month high of $83.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $26.20 billion, a P/E ratio of 187.37, a PEG ratio of 0.77 and a beta of 0.91.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. Fidelity National Information Services’s dividend payout ratio is 592.59%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FIS. Truist Financial reduced their price objective on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Compass Point reduced their price target on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. KeyCorp reissued a “hold” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 22nd. UBS Group raised their price objective on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a report on Wednesday, October 22nd. They issued an “overweight” rating and a $81.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.53.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein bought 941 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares in the company, valued at $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

About Fidelity National Information Services

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.