Sumitomo Mitsui Trust Holdings Inc. Sells 117,009 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,417,129 shares of the information technology services provider’s stock after selling 117,009 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.24% of Fidelity National Information Services worth $85,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in Fidelity National Information Services by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock worth $166,408,000 after purchasing an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Fidelity National Information Services during the 4th quarter worth about $1,244,000. Korea Investment CORP lifted its position in Fidelity National Information Services by 5.5% during the 3rd quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock worth $11,890,000 after buying an additional 11,181 shares in the last quarter. Value Holdings Management CO. LLC lifted its position 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 in the last quarter. Finally, Verity & Verity LLC bought a new stake in Fidelity National Information Services during the 3rd quarter worth about $7,096,000. Institutional investors own 96.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 775 shares of the business’s stock in a transaction on Monday, April 15th. The shares were purchased at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the transaction, the director now directly owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by company insiders.

Fidelity National Information Services Stock Down 0.5 %

Fidelity National Information Services stock opened at $70.35 on Thursday. The stock has a market cap of $40.55 billion, a P/E ratio of -6.26, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $74.75. The company’s 50-day moving average price is $68.87 and its two-hundred day moving average price is $61.11.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company earned $1.71 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts expect that Fidelity National Information Services, Inc. will post 4.66 EPS for the current year.

Fidelity National Information Services announced that its Board of Directors has authorized a share repurchase plan on Monday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Fidelity National Information Services Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.44 annualized dividend and a dividend yield of 2.05%. Fidelity National Information Services’s dividend payout ratio is -12.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FIS shares. Royal Bank of Canada boosted their price target on shares of Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Evercore ISI boosted their price target on shares of Fidelity National Information Services from $58.00 to $62.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Morgan Stanley upped their target price on shares of Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. TheStreet raised shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Finally, Truist Financial upped their target price on shares of Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.59.

Fidelity National Information Services Profile

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.