SeaBridge Investment Advisors LLC Sells 506 Shares of Fidelity National Information Services, Inc. (NYSE:FIS)

SeaBridge Investment Advisors LLC lowered its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,210 shares of the information technology services provider’s stock after selling 506 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Fidelity National Information Services were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in FIS. BlackRock Inc. boosted its stake in Fidelity National Information Services by 9.2% during the first quarter. BlackRock Inc. now owns 47,042,904 shares of the information technology services provider’s stock worth $6,614,703,000 after acquiring an additional 3,971,473 shares in the last quarter. Capital International Investors increased its stake in Fidelity National Information Services by 32.5% during the 1st 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. raised its holdings 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 worth $1,503,573,000 after buying an additional 625,952 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 worth $1,347,005,000 after buying an additional 191,666 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Fidelity National Information Services by 5.6% during 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 buying an additional 502,939 shares during the last quarter. 89.17% of the stock is owned by institutional investors.

In other news, Director Jeffrey A. Goldstein purchased 2,222 shares of the company’s stock in a transaction dated Monday, August 9th. The stock was acquired at an average price of $134.05 per share, with a total value of $297,859.10. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.65% of the company’s stock.

Shares of NYSE:FIS traded up $0.92 during midday trading on Wednesday, reaching $124.34. 49,263 shares of the company were exchanged, compared to its average volume of 3,433,038. The business’s fifty day moving average is $135.95 and its two-hundred day moving average is $143.04. Fidelity National Information Services, Inc. has a one year low of $120.17 and a one year high of $155.96. The stock has a market cap of $76.80 billion, a PE ratio of 881.63, a price-to-earnings-growth 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.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 3rd. The information technology services provider reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, sell-side analysts expect that Fidelity National Information Services, Inc. will post 6.55 EPS for the current year.

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

Several analysts have commented on FIS shares. JPMorgan Chase & Co. increased their target price on 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. Mizuho reiterated a “buy” rating and issued a $185.00 price objective on shares of Fidelity National Information Services in a report on Wednesday, June 30th. Truist cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 target price on the stock. in a research note on Monday, June 7th. They noted that the move was a valuation call. TheStreet cut shares of Fidelity National Information Services from a “b-” rating to a “c+” rating in a report on Friday, September 10th. Finally, Oppenheimer lowered their price target on Fidelity National Information Services from $169.00 to $157.00 and set an “outperform” rating on the stock in a report on Wednesday, August 4th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $163.93.

About Fidelity National Information Services

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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