Eurizon Capital SGR S.p.A. purchased a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 53,271 shares of the information technology services provider’s stock, valued at approximately $3,545,000.
Several other institutional investors also recently modified their holdings of FIS. Fideuram Asset Management Ireland dac acquired a new position in Fidelity National Information Services in the fourth quarter valued at about $1,292,000. Operose Advisors LLC lifted its stake in Fidelity National Information Services by 24.5% in the fourth quarter. Operose Advisors LLC now owns 6,137 shares of the information technology services provider’s stock valued at $408,000 after buying an additional 1,206 shares during the period. Linscomb Wealth Inc. lifted its stake in Fidelity National Information Services by 2.0% in the fourth quarter. Linscomb Wealth Inc. now owns 94,172 shares of the information technology services provider’s stock valued at $6,259,000 after buying an additional 1,869 shares during the period. Rothschild Investment LLC grew its holdings in Fidelity National Information Services by 191.9% during the fourth quarter. Rothschild Investment LLC now owns 899 shares of the information technology services provider’s stock valued at $60,000 after purchasing an additional 591 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity National Information Services by 6.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 16,027 shares of the information technology services provider’s stock valued at $1,065,000 after purchasing an additional 994 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.
Fidelity National Information Services Stock Performance
Shares of FIS opened at $43.59 on Tuesday. 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, Inc. has a twelve month low of $41.33 and a twelve month high of $82.74. The firm’s 50 day moving average price is $45.56 and its two-hundred day moving average price is $54.36. The firm has a market cap of $22.53 billion, a P/E ratio of 8.45, a PEG ratio of 0.42 and a beta of 0.82.
Fidelity National Information Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, June 11th. Fidelity National Information Services’s payout ratio is currently 34.11%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on FIS shares. Cantor Fitzgerald decreased their price objective on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Raymond James Financial decreased their price objective on shares of Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Weiss Ratings upgraded shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Wall Street Zen cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Thirteen 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, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $61.33.
Get Our Latest Stock Report on Fidelity National Information Services
Insider Activity at Fidelity National Information Services
In other Fidelity National Information Services news, CEO Stephanie Ferris acquired 19,846 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were acquired at an average price of $50.39 per share, with a total value of $1,000,039.94. Following the completion of the transaction, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This trade represents a 7.59% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.
Fidelity National Information Services 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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