New York State Common Retirement Fund Has $28.59 Million Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

New York State Common Retirement Fund reduced its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 475,887 shares of the information technology services provider’s stock after selling 56,501 shares during the quarter. New York State Common Retirement Fund’s holdings in Fidelity National Information Services were worth $28,587,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services during the 3rd quarter worth $25,000. Baystate Wealth Management LLC grew its holdings in shares of Fidelity National Information Services by 332.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 372 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth $35,000. Criterion Capital Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth $40,000. Finally, ORG Partners LLC acquired a new stake in Fidelity National Information Services in the fourth quarter valued at about $48,000. 96.23% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $70.47 on Friday. The stock has a 50 day simple moving average of $69.92 and a two-hundred day simple moving average of $61.77. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. Fidelity National Information Services, Inc. has a fifty-two week low of $46.91 and a fifty-two week high of $74.75.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, February 26th. The information technology services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm posted $1.71 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Information Services, Inc. will post 4.66 earnings per share for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has approved a share buyback plan on Monday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.04%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -12.81%.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of Fidelity National Information Services stock in a transaction on Monday, April 15th. The stock was purchased at an average price of $72.37 per share, with a total value of $56,086.75. Following the completion of the purchase, the director now owns 9,052 shares of the company’s stock, valued at approximately $655,093.24. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIS. Mizuho raised their price objective on Fidelity National Information Services from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Robert W. Baird lowered Fidelity National Information Services from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $76.00 to $78.00 in a research note on Wednesday, March 13th. Bank of America raised their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Truist Financial raised their price objective on Fidelity National Information Services from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Finally, The Goldman Sachs Group started coverage on Fidelity National Information Services in a research note on Thursday, February 29th. They issued a “buy” rating and a $84.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.59.

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.