Cypress Wealth Services LLC Has $304,000 Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Cypress Wealth Services LLC cut its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 49.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,097 shares of the information technology services provider’s stock after selling 3,968 shares during the period. Cypress Wealth Services LLC’s holdings in Fidelity National Information Services were worth $304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $29,000. Rise Advisors LLC bought a new stake in shares of Fidelity National Information Services during the first quarter worth about $29,000. Delta Asset Management LLC TN increased its position in shares of 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 worth $32,000 after acquiring an additional 450 shares in the last quarter. BKM Wealth Management LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $35,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $40,000. 96.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on FIS shares. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Information Services from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Barclays boosted their price target on shares of Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Mizuho boosted their price target on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Bank of America boosted their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their price target on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $79.32.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 775 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the acquisition, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded down $0.36 during trading on Thursday, hitting $74.63. 3,142,298 shares of the company were exchanged, compared to its average volume of 4,439,675. The company has a market cap of $41.51 billion, a PE ratio of -7.23, a P/E/G ratio of 0.77 and a beta of 1.05. The stock has a 50 day moving average of $74.64 and a 200 day moving average of $68.51. Fidelity National Information Services, Inc. has a 52-week low of $46.91 and a 52-week high of $78.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last posted 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. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services, Inc. will post 4.97 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a $0.36 dividend. The ex-dividend date was Monday, June 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.93%. Fidelity National Information Services’s payout ratio is currently -14.08%.

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.