Fidelity National Information Services, Inc. (NYSE:FIS – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Investors of record on Friday, September 11th will be paid a dividend of 0.44 per share by the information technology services provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, September 11th.
Fidelity National Information Services has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Fidelity National Information Services has a payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Information Services to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 25.6%.
Fidelity National Information Services Stock Down 2.5%
Shares of FIS opened at $44.83 on Friday. The firm has a market cap of $23.17 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.45 and a beta of 0.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services has a 52 week low of $37.42 and a 52 week high of $80.99. The firm’s 50-day simple moving average is $41.06 and its 200 day simple moving average is $46.71.
Institutional Trading of Fidelity National Information Services
A number of institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC increased its position in shares of Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 194 shares during the period. MBM Wealth Consultants LLC bought a new stake in Fidelity National Information Services during the first quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Fidelity National Information Services by 251.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock worth $34,000 after buying an additional 362 shares in the last quarter. Reflection Asset Management acquired a new stake in Fidelity National Information Services during the fourth quarter worth about $34,000. Finally, Kemnay Advisory Services Inc. bought a new position in Fidelity National Information Services in the 4th quarter valued at about $42,000. 96.23% of the stock is currently owned by institutional investors.
About Fidelity National Information Services
Fidelity National Information Services (NYSE: FIS) is a global provider of financial technology solutions and services for banks, capital markets firms, merchants and corporations. The company develops and delivers software, processing, and outsourcing services that support core banking, payments and merchant acquiring, wealth and retirement platforms, risk and compliance, and trading and capital markets operations. Its offerings include cloud-based and on-premises core banking systems, card processing and gateway services, e-commerce and point-of-sale payment solutions, and a range of back-office and advisory services designed to automate and modernize financial operations.
FIS serves a broad international client base across North America, Europe, Latin America, and the Asia-Pacific region through a combination of direct clients and partner channels.
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