Capital Research Global Investors grew its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 28,129,710 shares of the information technology services provider’s stock after acquiring an additional 172,356 shares during the quarter. Capital Research Global Investors owned 0.05% of Fidelity National Information Services worth $1,869,507,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in FIS. Brighton Jones LLC bought a new position in Fidelity National Information Services during the 4th quarter worth approximately $347,000. Geneos Wealth Management Inc. raised its holdings in Fidelity National Information Services by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 431 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Fidelity National Information Services during the 2nd quarter worth approximately $302,000. Marshall Wace LLP bought a new position in Fidelity National Information Services during the 2nd quarter worth approximately $4,896,000. Finally, Cresset Asset Management LLC raised its holdings in 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 purchasing an additional 901 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Price Performance
Shares of NYSE:FIS opened at $41.03 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. The stock’s fifty day simple moving average is $44.96 and its two-hundred day simple moving average is $53.77. Fidelity National Information Services, Inc. has a 1-year low of $40.33 and a 1-year high of $82.74. The stock has a market cap of $21.21 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78.
Fidelity National Information Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 4.3%. Fidelity National Information Services’s dividend payout ratio (DPR) is 34.11%.
Analysts Set New Price Targets
Several research firms have issued reports on FIS. BNP Paribas Exane lowered their price target on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. TD Cowen reduced their price objective on shares of Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods reduced 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. Cantor Fitzgerald reduced 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 research report on Monday, May 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.33.
Check Out 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.
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