Synovus Financial Corp Lowers Stock Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Synovus Financial Corp lessened its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 12.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,745 shares of the information technology services provider’s stock after selling 781 shares during the period. Synovus Financial Corp’s holdings in Fidelity National Information Services were worth $805,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FIS. Vantage Consulting Group Inc acquired a new position in Fidelity National Information Services during the 4th quarter valued at approximately $25,000. Concord Wealth Partners acquired a new stake in Fidelity National Information Services during the fourth quarter valued at $27,000. Curi Capital purchased a new position in Fidelity National Information Services during the fourth quarter valued at $28,000. Emerson Wealth Management LLC purchased a new position in Fidelity National Information Services during the first quarter valued at $31,000. Finally, BDO Wealth Advisors LLC lifted its holdings in Fidelity National Information Services by 125.3% during the fourth quarter. BDO Wealth Advisors LLC now owns 223 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 124 shares in the last quarter. 89.02% of the stock is owned by institutional investors.

In related news, Director James B. Stallings, Jr. sold 17,800 shares of the company’s stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $144.95, for a total value of $2,580,110.00. Following the completion of the sale, the director now owns 18,805 shares in the company, valued at $2,725,784.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marc M. Mayo sold 27,409 shares of the stock in a transaction dated Thursday, April 8th. The stock was sold at an average price of $150.00, for a total value of $4,111,350.00. Following the completion of the sale, the executive vice president now owns 57,889 shares of the company’s stock, valued at $8,683,350. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

FIS opened at $145.38 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $149.54. The firm has a market cap of $90.15 billion, a price-to-earnings ratio of -382.57, a P/E/G ratio of 1.22 and a beta of 0.85. Fidelity National Information Services, Inc. has a twelve month low of $120.17 and a twelve month high of $156.73.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Thursday, May 6th. The information technology services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Fidelity National Information Services had a positive return on equity of 7.01% and a negative net margin of 1.82%. Fidelity National Information Services’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 earnings per share. On average, research analysts expect that Fidelity National Information Services, Inc. will post 6.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Friday, June 11th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, June 10th. Fidelity National Information Services’s dividend payout ratio is currently 28.57%.

FIS has been the subject of several recent analyst reports. Rosenblatt Securities raised their price objective on shares of Fidelity National Information Services from $146.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, May 7th. Mizuho lifted their price objective on shares of Fidelity National Information Services from $170.00 to $185.00 and gave the company a “buy” rating in a report on Monday, April 26th. Truist downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price target for the company. in a research note on Monday. They noted that the move was a valuation call. Truist Securities downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 price target for the company. in a research note on Monday. Finally, Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $166.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, April 15th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $165.59.

Fidelity National Information Services Profile

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 merchant acquiring, integrated payment, and global e-commerce solutions.

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

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