Midwest Professional Planners LTD. Acquires 757 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

Midwest Professional Planners LTD. raised its position in Fidelity National Information Services, Inc. (NYSE:FIS) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,622 shares of the information technology services provider’s stock after purchasing an additional 757 shares during the period. Midwest Professional Planners LTD.’s holdings in Fidelity National Information Services were worth $1,080,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. increased its stake in Fidelity National Information Services by 9.2% in the first quarter. BlackRock Inc. now owns 47,042,904 shares of the information technology services provider’s stock valued at $6,614,703,000 after purchasing an additional 3,971,473 shares in the last quarter. Capital International Investors increased its stake in Fidelity National Information Services by 32.5% in the first quarter. Capital International Investors now owns 24,292,463 shares of the information technology services provider’s stock valued at $3,416,150,000 after purchasing an additional 5,957,633 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Fidelity National Information Services by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,695,713 shares of the information technology services provider’s stock valued at $1,503,573,000 after purchasing an additional 625,952 shares in the last quarter. Geode Capital Management LLC increased its stake in Fidelity National Information Services by 2.0% in the first quarter. Geode Capital Management LLC now owns 9,607,722 shares of the information technology services provider’s stock valued at $1,347,005,000 after purchasing an additional 191,666 shares in the last quarter. Finally, Morgan Stanley increased its stake in Fidelity National Information Services by 5.6% in the first quarter. Morgan Stanley now owns 9,465,107 shares of the information technology services provider’s stock valued at $1,330,889,000 after purchasing an additional 502,939 shares in the last quarter. 89.17% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Jeffrey A. Goldstein purchased 2,222 shares of the business’s stock in a transaction that occurred on Monday, August 9th. The shares were bought at an average cost of $134.05 per share, with a total value of $297,859.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

NYSE:FIS traded down $0.75 during mid-day trading on Tuesday, hitting $123.88. 52,534 shares of the company’s stock were exchanged, compared to its average volume of 3,736,997. The company has a 50 day simple moving average of $136.39 and a 200-day simple moving average of $143.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. Fidelity National Information Services, Inc. has a fifty-two week low of $120.17 and a fifty-two week high of $155.96. The firm has a market capitalization of $76.52 billion, a P/E ratio of 890.28, a PEG ratio of 1.27 and a beta of 0.81.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 10th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $1.56 annualized dividend and a dividend yield of 1.26%. Fidelity National Information Services’s payout ratio is 28.57%.

Several equities research analysts have recently issued reports on FIS shares. Raymond James lowered 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. JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Services from $153.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Truist downgraded 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. Truist Securities downgraded 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. Finally, TheStreet cut shares of Fidelity National Information Services from a “b-” rating to a “c+” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $163.93.

Fidelity National Information Services Company 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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