abrdn plc Has $47.55 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

abrdn plc cut its stake in Fidelity National Information Services, Inc. (NYSE:FIS) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 590,099 shares of the information technology services provider’s stock after selling 47,848 shares during the period. abrdn plc’s holdings in Fidelity National Information Services were worth $47,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Heck Capital Advisors LLC bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at $2,593,000. Avanza Fonder AB bought a new position in Fidelity National Information Services during the 4th quarter valued at about $3,227,000. CENTRAL TRUST Co boosted its position in Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after buying an additional 10,452 shares in the last quarter. Brighton Jones LLC bought a new stake in Fidelity National Information Services during the fourth quarter worth about $347,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $2,313,000. Institutional investors own 96.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Susquehanna boosted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. Wells Fargo & Company initiated coverage on Fidelity National Information Services in a report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 target price on the stock. Barclays lifted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley boosted their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Fidelity National Information Services Stock Down 0.4 %

Fidelity National Information Services stock opened at $81.59 on Wednesday. The firm has a market capitalization of $43.92 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 0.62 and a beta of 1.04. The company’s 50 day simple moving average is $81.60 and its 200 day simple moving average is $82.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services, Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. As a group, sell-side analysts anticipate that Fidelity National Information Services, Inc. will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be issued a $0.40 dividend. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Fidelity National Information Services Company 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.