Fidelity National Information Services, Inc. (NYSE:FIS) Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP trimmed its position in shares of Fidelity National Information Services, Inc. (NYSE:FISGet Rating) by 75.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,855 shares of the information technology services provider’s stock after selling 11,657 shares during the period. Lyell Wealth Management LP’s holdings in Fidelity National Information Services were worth $421,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FIS. Boston Partners lifted its stake in Fidelity National Information Services by 80.1% during the fourth quarter. Boston Partners now owns 7,031,348 shares of the information technology services provider’s stock worth $768,182,000 after purchasing an additional 3,127,602 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Fidelity National Information Services by 18.6% in the third quarter. Wellington Management Group LLP now owns 19,275,082 shares of the information technology services provider’s stock valued at $2,345,392,000 after acquiring an additional 3,022,430 shares in the last quarter. FIL Ltd raised its stake in shares of Fidelity National Information Services by 165.1% in the third quarter. FIL Ltd now owns 4,319,390 shares of the information technology services provider’s stock valued at $525,584,000 after acquiring an additional 2,690,027 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Fidelity National Information Services by 11.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 20,291,807 shares of the information technology services provider’s stock valued at $2,469,108,000 after acquiring an additional 2,081,910 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Fidelity National Information Services by 3.8% in the third quarter. BlackRock Inc. now owns 52,872,604 shares of the information technology services provider’s stock valued at $6,433,538,000 after acquiring an additional 1,951,995 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Several analysts have recently issued reports on the company. Raymond James reduced their price objective on Fidelity National Information Services from $155.00 to $152.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, January 11th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 15th. Deutsche Bank Aktiengesellschaft dropped their target price on Fidelity National Information Services from $155.00 to $116.00 in a report on Wednesday, April 20th. Morgan Stanley dropped their target price on Fidelity National Information Services from $134.00 to $113.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 16th. Finally, KeyCorp dropped their target price on Fidelity National Information Services from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, March 28th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Buy” and a consensus price target of $137.36.

NYSE:FIS traded down $2.23 during mid-day trading on Monday, reaching $97.74. The stock had a trading volume of 50,948 shares, compared to its average volume of 4,081,200. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $59.69 billion, a price-to-earnings ratio of 147.02, a PEG ratio of 1.04 and a beta of 0.74. Fidelity National Information Services, Inc. has a twelve month low of $85.00 and a twelve month high of $155.96. The business has a 50 day simple moving average of $97.40 and a 200 day simple moving average of $107.58.

Fidelity National Information Services (NYSE:FISGet Rating) last announced its quarterly earnings data on Tuesday, February 15th. The information technology services provider reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.03. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.70 billion. Fidelity National Information Services had a net margin of 3.01% and a return on equity of 8.50%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 earnings per share. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 7.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.88 annualized dividend and a dividend yield of 1.92%. Fidelity National Information Services’s dividend payout ratio is currently 276.47%.

Fidelity National Information Services Profile (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

See Also

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

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