TMB Capital Partners LLC bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 18,190 shares of the information technology services provider’s stock, valued at approximately $1,209,000.
Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC acquired a new position in Fidelity National Information Services during the fourth quarter worth $347,000. Geneos Wealth Management Inc. raised its holdings in Fidelity National Information Services by 70.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 431 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Fidelity National Information Services in the second quarter worth about $302,000. Marshall Wace LLP bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth about $4,896,000. Finally, Cresset Asset Management LLC boosted its stake in shares of Fidelity National Information Services by 20.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after acquiring an additional 901 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.
Fidelity National Information Services Price Performance
NYSE FIS opened at $38.17 on Friday. The stock has a 50-day simple moving average of $43.60 and a 200 day simple moving average of $52.09. Fidelity National Information Services, Inc. has a twelve month low of $37.85 and a twelve month high of $82.74. The stock has a market capitalization of $19.73 billion, a PE ratio of 7.40, a P/E/G ratio of 0.38 and a beta of 0.78. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a $0.44 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.6%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 34.11%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on FIS shares. Deutsche Bank Aktiengesellschaft cut their price objective on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Royal Bank Of Canada decreased their target price on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Wall Street Zen downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. BNP Paribas Exane dropped their price target on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Finally, Wells Fargo & Company lowered their target price on shares of Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.33.
Check Out Our Latest Analysis on FIS
Fidelity National Information Services Company Profile
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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