Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,691 shares of the information technology services provider’s stock after selling 1,653 shares during the period. Arizona State Retirement System’s holdings in Fidelity National Information Services were worth $9,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. increased its holdings in Fidelity National Information Services by 83.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at $25,000. Baystate Wealth Management LLC increased its holdings in Fidelity National Information Services by 332.1% in the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 372 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at $46,000. Finally, Spotlight Asset Group Inc. acquired a new stake in Fidelity National Information Services in the 2nd quarter valued at $30,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Information Services

In other news, Director Ellen R. Alemany bought 735 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were purchased at an average price of $60.32 per share, with a total value of $44,335.20. Following the completion of the acquisition, the director now directly owns 35,333 shares in the company, valued at $2,131,286.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Mizuho increased their price target on Fidelity National Information Services from $62.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Truist Financial upped their price objective 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. Barclays raised shares of Fidelity National Information Services from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $62.00 to $69.00 in a research report on Thursday, October 19th. Raymond James decreased their price objective on shares of Fidelity National Information Services from $79.00 to $71.00 and set a “strong-buy” rating for the company in a research report on Wednesday, November 8th. Finally, StockNews.com assumed coverage on shares of Fidelity National Information Services in a research report on Thursday, October 5th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.17.

Check Out Our Latest Analysis on Fidelity National Information Services

Fidelity National Information Services Trading Down 0.6 %

Shares of NYSE FIS opened at $63.15 on Wednesday. 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’s 50-day moving average price is $59.98 and its two-hundred day moving average price is $56.86. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $79.32.

Fidelity National Information Services (NYSE:FISGet Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The information technology services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.65). Fidelity National Information Services had a negative net margin of 180.32% and a positive return on equity of 13.89%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $3.65 billion. On average, research analysts predict that Fidelity National Information Services, Inc. will post 3.5 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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