Orion Portfolio Solutions LLC Buys 18,242 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Orion Portfolio Solutions LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 11.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 174,229 shares of the information technology services provider’s stock after acquiring an additional 18,242 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Fidelity National Information Services were worth $9,630,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. EA Series Trust acquired a new position in shares of Fidelity National Information Services in the 2nd quarter worth approximately $230,000. ST Germain D J Co. Inc. acquired a new stake in Fidelity National Information Services during the 2nd quarter worth $54,000. Vanguard Personalized Indexing Management LLC raised its stake in Fidelity National Information Services by 29.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,909 shares of the information technology services provider’s stock worth $1,089,000 after buying an additional 4,558 shares during the period. Value Holdings Management CO. LLC raised its stake in Fidelity National Information Services by 77.4% during the 3rd quarter. Value Holdings Management CO. LLC now owns 173,000 shares of the information technology services provider’s stock worth $9,562,000 after buying an additional 75,500 shares during the period. Finally, Verity & Verity LLC acquired a new stake in Fidelity National Information Services during the 3rd quarter worth $7,096,000. Institutional investors and hedge funds own 85.67% of the company’s stock.

Analysts Set New Price Targets

FIS has been the subject of several analyst reports. Seaport Res Ptn restated a “neutral” rating on shares of Fidelity National Information Services in a report on Thursday, October 12th. Wolfe Research raised shares of Fidelity National Information Services from a “peer perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Tuesday, October 17th. Mizuho reissued a “buy” rating and issued a $70.00 price objective on shares of Fidelity National Information Services in a research note on Monday, September 25th. Evercore ISI reduced their price objective on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “in-line” rating on the stock in a research note on Friday, September 29th. Finally, Truist Financial upped their price target on shares of Fidelity National Information Services from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

View Our Latest Report on FIS

Fidelity National Information Services Trading Down 2.2 %

FIS opened at $59.84 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $35.45 billion, a PE ratio of -1.46, a P/E/G ratio of 1.02 and a beta of 0.93. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $79.32. The company’s 50-day moving average is $58.54 and its 200 day moving average is $56.71.

Fidelity National Information Services (NYSE:FISGet Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.65). Fidelity National Information Services had a positive return on equity of 13.89% and a negative net margin of 180.32%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $3.65 billion. As a group, research analysts predict that Fidelity National Information Services, Inc. will post 3.51 earnings per share for the current fiscal year.

Fidelity National Information Services Company Profile

(Free Report)

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

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

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