Truist Financial Corp Has $6.88 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Truist Financial Corp reduced its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 4.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 85,229 shares of the information technology services provider’s stock after selling 3,675 shares during the period. Truist Financial Corp’s holdings in Fidelity National Information Services were worth $6,884,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FIS. Fifth Third Wealth Advisors LLC grew its holdings in shares of Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock valued at $480,000 after acquiring an additional 129 shares in the last quarter. Graypoint LLC grew its holdings in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after acquiring an additional 132 shares in the last quarter. Old Port Advisors grew its holdings in shares of Fidelity National Information Services by 4.9% during the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock valued at $232,000 after acquiring an additional 135 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock valued at $308,000 after acquiring an additional 137 shares in the last quarter. Finally, Center for Financial Planning Inc. grew its holdings in shares of Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider’s stock valued at $303,000 after acquiring an additional 138 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased 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. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Fidelity National Information Services Stock Up 0.1 %

Shares of FIS opened at $69.95 on Friday. The company has a 50-day simple moving average of $78.69 and a 200-day simple moving average of $82.58. The firm has a market capitalization of $37.05 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Information Services, Inc. has a 52 week low of $62.63 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the company earned $0.94 earnings per share. On average, equities research analysts expect that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Information Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from Fidelity National Information Services’s previous quarterly dividend of $0.36. Fidelity National Information Services’s dividend payout ratio is currently 55.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FIS shares. Wells Fargo & Company lowered their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. William Blair restated an “outperform” rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. TD Cowen upped their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $115.00 to $101.00 in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.36.

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.