CIBC Private Wealth Group LLC Sells 216,114 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

CIBC Private Wealth Group LLC lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FISFree Report) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,144,116 shares of the information technology services provider’s stock after selling 216,114 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.36% of Fidelity National Information Services worth $128,797,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new position in Fidelity National Information Services during the fourth quarter valued at about $29,000. Delta Asset Management LLC TN lifted its holdings in Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 450 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $35,000. Criterion Capital Advisors LLC purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $40,000. Finally, ORG Partners LLC purchased a new stake in Fidelity National Information Services during the fourth quarter valued at about $48,000. Institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Trading Up 0.0 %

Shares of Fidelity National Information Services stock traded up $0.01 on Tuesday, hitting $76.05. The stock had a trading volume of 4,377,101 shares, compared to its average volume of 4,423,209. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services, Inc. has a one year low of $46.91 and a one year high of $78.73. The stock has a market cap of $42.30 billion, a price-to-earnings ratio of -7.43, a PEG ratio of 0.77 and a beta of 1.05. The stock’s 50-day simple moving average is $73.39 and its two-hundred day simple moving average is $66.44.

Fidelity National Information Services (NYSE:FISGet Free Report) last issued its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the business earned $1.29 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Fidelity National Information Services, Inc. will post 4.96 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Monday, June 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Fidelity National Information Services declared that its Board of Directors has approved a stock repurchase plan on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Fidelity National Information Services from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Stephens reissued an “overweight” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target on the stock. in a report on Thursday, April 11th. Finally, Susquehanna increased their price target on shares of Fidelity National Information Services from $81.00 to $86.00 and gave the stock a “positive” rating in a report on Wednesday, May 8th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.74.

Get Our Latest Report on FIS

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 775 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the purchase, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

About Fidelity National Information Services

(Free Report)

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

Further Reading

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

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