abrdn plc Has $242.46 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

abrdn plc reduced its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 24.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,711,233 shares of the information technology services provider’s stock after selling 540,616 shares during the quarter. abrdn plc’s holdings in Fidelity National Information Services were worth $242,457,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. West Family Investments Inc. raised its stake in shares of Fidelity National Information Services by 0.5% in the first quarter. West Family Investments Inc. now owns 14,878 shares of the information technology services provider’s stock valued at $2,092,000 after acquiring an additional 78 shares during the last quarter. Private Ocean LLC raised its stake in shares of Fidelity National Information Services by 52.0% in the second quarter. Private Ocean LLC now owns 228 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 78 shares during the last quarter. Motco raised its stake in shares of Fidelity National Information Services by 19.6% in the second quarter. Motco now owns 476 shares of the information technology services provider’s stock valued at $67,000 after acquiring an additional 78 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Fidelity National Information Services by 3.6% in the first quarter. EP Wealth Advisors LLC now owns 2,335 shares of the information technology services provider’s stock valued at $328,000 after acquiring an additional 82 shares during the last quarter. Finally, Sandy Spring Bank raised its stake in shares of Fidelity National Information Services by 42.3% in the second quarter. Sandy Spring Bank now owns 276 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 82 shares during the last quarter. 89.17% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on FIS shares. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Services from $153.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, August 17th. Truist cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price objective for the company. in a research report on Monday, June 7th. They noted that the move was a valuation call. Raymond James dropped their price objective on shares of Fidelity National Information Services from $194.00 to $178.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 4th. Oppenheimer dropped their price objective on shares of Fidelity National Information Services from $169.00 to $157.00 and set an “outperform” rating for the company in a research report on Wednesday, August 4th. Finally, Mizuho restated a “buy” rating and issued a $185.00 price objective on shares of Fidelity National Information Services in a research report on Wednesday, June 30th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Buy” and an average price target of $163.93.

In other news, Director Jeffrey A. Goldstein purchased 2,222 shares of the firm’s stock in a transaction dated Monday, August 9th. The stock was bought at an average price of $134.05 per share, with a total value of $297,859.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is owned by insiders.

Shares of FIS stock traded up $1.08 on Wednesday, hitting $124.50. The stock had a trading volume of 63,429 shares, compared to its average volume of 3,433,038. Fidelity National Information Services, Inc. has a twelve month low of $120.17 and a twelve month high of $155.96. The firm has a market cap of $76.90 billion, a P/E ratio of 881.63, a PEG ratio of 1.27 and a beta of 0.81. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $135.95 and a two-hundred day moving average price of $143.04.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 3rd. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.06. Fidelity National Information Services had a net margin of 0.69% and a return on equity of 7.62%. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the business earned $1.15 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. On average, analysts expect that Fidelity National Information Services, Inc. will post 6.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 10th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is 28.57%.

Fidelity National Information Services Profile

Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.

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

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