Envestnet Portfolio Solutions Inc. Trims Holdings in Fidelity National Information Services, Inc. (NYSE:FIS)

Envestnet Portfolio Solutions Inc. lowered its holdings in Fidelity National Information Services, Inc. (NYSE:FIS) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,693 shares of the information technology services provider’s stock after selling 2,699 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity National Information Services were worth $1,032,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. PGGM Investments boosted its holdings in Fidelity National Information Services by 298.3% in the second quarter. PGGM Investments now owns 84,849 shares of the information technology services provider’s stock valued at $6,394,000 after acquiring an additional 63,547 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Fidelity National Information Services by 10,125.0% during the 2nd quarter. ORG Partners LLC now owns 2,454 shares of the information technology services provider’s stock valued at $182,000 after purchasing an additional 2,430 shares in the last quarter. Maia Wealth LLC purchased a new position in shares of Fidelity National Information Services during the second quarter valued at about $394,000. Alpha Cubed Investments LLC raised its stake in Fidelity National Information Services by 8.9% in the second quarter. Alpha Cubed Investments LLC now owns 205,631 shares of the information technology services provider’s stock worth $15,496,000 after buying an additional 16,852 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in Fidelity National Information Services by 17.7% in the second quarter. Artemis Investment Management LLP now owns 275,503 shares of the information technology services provider’s stock worth $20,762,000 after buying an additional 41,479 shares during the period. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Trading Up 0.7 %

Shares of NYSE:FIS opened at $79.00 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. Fidelity National Information Services, Inc. has a 1 year low of $46.91 and a 1 year high of $79.25. The company has a market cap of $43.94 billion, a P/E ratio of -7.72, a PEG ratio of 0.77 and a beta of 1.06. The stock’s fifty day moving average price is $75.98 and its 200-day moving average price is $72.48.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. Fidelity National Information Services’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 EPS. Sell-side analysts expect that Fidelity National Information Services, Inc. will post 4.94 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FIS shares. Morgan Stanley lowered Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price for the company. in a research report on Monday, July 22nd. Royal Bank of Canada increased their price objective on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Susquehanna boosted their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, August 7th. Wedbush reiterated an “outperform” rating and issued a $75.00 price target on shares of Fidelity National Information Services in a research note on Wednesday, May 8th. Finally, Barclays boosted their price objective on shares of Fidelity National Information Services from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.45.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.