Krilogy Financial LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,413 shares of the information technology services provider’s stock, valued at approximately $992,000.
A number of other large investors have also bought and sold shares of FIS. Dodge & Cox grew its holdings in shares of Fidelity National Information Services by 13.9% during the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after purchasing an additional 6,008,090 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Fidelity National Information Services by 0.6% in the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock valued at $1,869,507,000 after buying an additional 172,356 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelity National Information Services by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after buying an additional 514,490 shares during the last quarter. Invesco Ltd. lifted its position in Fidelity National Information Services by 5.6% during the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after buying an additional 448,712 shares in the last quarter. Finally, Norges Bank bought a new stake in Fidelity National Information Services during the 4th quarter worth about $495,956,000. 96.23% of the stock is currently owned by institutional investors.
Fidelity National Information Services Stock Performance
Fidelity National Information Services stock opened at $37.88 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. Fidelity National Information Services, Inc. has a 1 year low of $37.42 and a 1 year high of $82.74. The company has a market cap of $19.58 billion, a PE ratio of 7.34, a PEG ratio of 0.38 and a beta of 0.78. The company’s 50-day moving average is $42.83 and its two-hundred day moving average is $51.11.
Fidelity National Information Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.6%. Fidelity National Information Services’s payout ratio is presently 34.11%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Citigroup decreased their price target on shares of Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. Stephens lowered their price target on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada reduced their price objective on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.
Get Our Latest Analysis on Fidelity National Information Services
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.
Further Reading
- Five stocks we like better than Fidelity National Information Services
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS – Free Report).
Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.
