Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 34.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,329 shares of the information technology services provider’s stock after selling 3,880 shares during the quarter. Marcum Wealth LLC’s holdings in Fidelity National Information Services were worth $1,038,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FIS. Paragon Wealth Strategies LLC purchased a new position in shares of Fidelity National Information Services during the 2nd quarter worth $26,000. Private Ocean LLC grew its holdings in shares of Fidelity National Information Services by 52.0% during the 2nd quarter. Private Ocean LLC now owns 228 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 78 shares during the period. Sandy Spring Bank grew its holdings in shares of Fidelity National Information Services by 42.3% during the 2nd quarter. Sandy Spring Bank now owns 276 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 82 shares during the period. Trustcore Financial Services LLC grew its holdings in shares of Fidelity National Information Services by 101.3% during the 2nd quarter. Trustcore Financial Services LLC now owns 308 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 155 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Fidelity National Information Services during the 2nd quarter worth $45,000. 89.17% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities increased their price target on Fidelity National Information Services from $150.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, August 4th. TheStreet cut Fidelity National Information Services from a “b-” rating to a “c+” rating in a report on Friday, September 10th. Raymond James lowered their target price on Fidelity National Information Services from $194.00 to $178.00 and set a “strong-buy” rating for the company in a report on Wednesday, August 4th. Oppenheimer lowered their target price on Fidelity National Information Services from $169.00 to $157.00 and set an “outperform” rating for the company in a report on Wednesday, August 4th. Finally, Truist cut Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 target price for the company. in a report on Monday, June 7th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Buy” and a consensus price target of $163.93.

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 2,222 shares of the business’s stock in a transaction dated Monday, August 9th. The shares were acquired at an average price of $134.05 per share, with a total value of $297,859.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.65% of the stock is currently owned by company insiders.

FIS stock traded up $1.26 during mid-day trading on Wednesday, reaching $124.68. The company had a trading volume of 13,094 shares, compared to its average volume of 3,433,038. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $77.01 billion, a price-to-earnings ratio of 881.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81. The firm has a fifty day simple moving average of $135.95 and a 200 day simple moving average of $143.04. Fidelity National Information Services, Inc. has a fifty-two week low of $120.17 and a fifty-two week high of $155.96.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 3rd. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.39 billion. Fidelity National Information Services had a return on equity of 7.62% and a net margin of 0.69%. Fidelity National Information Services’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. As a group, analysts predict that Fidelity National Information Services, Inc. will post 6.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 10th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 28.57%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.

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

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