Ameritas Advisory Services LLC raised its position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 26.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,416 shares of the information technology services provider’s stock after buying an additional 3,671 shares during the period. Ameritas Advisory Services LLC’s holdings in Fidelity National Information Services were worth $1,418,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC boosted its stake in shares of Fidelity National Information Services by 356.0% in the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 267 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Fidelity National Information Services by 92.1% during the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 164 shares during the last quarter. YANKCOM Partnership boosted its stake in Fidelity National Information Services by 118.8% during the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in Fidelity National Information Services by 179.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Fidelity National Information Services by 100.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 223 shares during the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.
Fidelity National Information Services Trading Up 0.4%
NYSE FIS opened at $66.71 on Friday. The firm’s 50-day moving average is $69.73 and its two-hundred day moving average is $75.07. Fidelity National Information Services, Inc. has a 12 month low of $63.00 and a 12 month high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $34.85 billion, a P/E ratio of 370.60 and a beta of 1.05.
Fidelity National Information Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio is 888.89%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday. Truist Financial boosted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Saturday, September 27th. Susquehanna lowered their price target on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Finally, Robert W. Baird boosted their price target on shares of Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.
Get Our Latest Analysis on Fidelity National Information Services
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.
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