Fidelity National Information Services, Inc. (NYSE:FIS) Stock Position Reduced by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its stake in Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 1.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 111,619 shares of the information technology services provider’s stock after selling 1,808 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Fidelity National Information Services were worth $6,169,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FIS. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services in the third quarter worth $25,000. Baystate Wealth Management LLC boosted its position in shares of Fidelity National Information Services by 332.1% in the third quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after buying an additional 372 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Fidelity National Information Services by 83.3% in the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after buying an additional 130 shares during the period. Spotlight Asset Group Inc. acquired a new stake in shares of Fidelity National Information Services in the second quarter worth $30,000. Finally, McCarthy Grittinger Financial Group LLC boosted its position in shares of Fidelity National Information Services by 101.1% in the third quarter. McCarthy Grittinger Financial Group LLC now owns 573 shares of the information technology services provider’s stock worth $32,000 after buying an additional 288 shares during the period. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $62.32 on Tuesday. The firm has a fifty day moving average of $60.86 and a two-hundred day moving average of $56.92. Fidelity National Information Services, Inc. has a 52 week low of $46.91 and a 52 week high of $69.65. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.65.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wolfe Research raised Fidelity National Information Services from a “peer perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Tuesday, October 17th. Truist Financial lifted their price objective on 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. UBS Group reissued a “neutral” rating and set a $58.00 price objective on shares of Fidelity National Information Services in a research report on Friday, October 20th. Royal Bank of Canada reduced their price objective on Fidelity National Information Services from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Finally, Raymond James reduced their price objective on 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.17.

Read Our Latest Report on FIS

Insider Activity at Fidelity National Information Services

In other news, Director Ellen R. Alemany bought 735 shares of the stock in a transaction on Wednesday, January 17th. The stock was purchased at an average price of $60.32 per share, for a total transaction of $44,335.20. Following the acquisition, the director now owns 35,333 shares in the company, valued at $2,131,286.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.68% of the stock is owned by corporate insiders.

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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