Tulsa Wealth Advisors INC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the fourth quarter, Holdings Channel reports. The fund purchased 43,625 shares of the information technology services provider’s stock, valued at approximately $2,899,000. Fidelity National Information Services accounts for 1.0% of Tulsa Wealth Advisors INC’s holdings, making the stock its 28th largest holding.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Brighton Jones LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter worth approximately $347,000. Geneos Wealth Management Inc. increased its stake in shares of Fidelity National Information Services by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock worth $78,000 after buying an additional 431 shares during the period. Sivia Capital Partners LLC bought a new stake in Fidelity National Information Services during the 2nd quarter valued at $302,000. Marshall Wace LLP purchased a new stake in Fidelity National Information Services during the 2nd quarter valued at $4,896,000. Finally, Cresset Asset Management LLC boosted its position 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 valued at $431,000 after buying an additional 901 shares during the period. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Stock Down 0.1%
Shares of Fidelity National Information Services stock opened at $38.17 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 12-month low of $37.85 and a 12-month high of $82.74. The company has a market cap of $19.73 billion, a P/E ratio of 7.40, a PEG ratio of 0.37 and a beta of 0.78. The company’s fifty day simple moving average is $43.43 and its two-hundred day simple moving average is $52.00.
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 issued a $0.44 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 4.6%. Fidelity National Information Services’s dividend payout ratio (DPR) is 34.11%.
Wall Street Analyst Weigh In
FIS has been the topic of a number of analyst reports. BNP Paribas Exane decreased their price objective 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. Royal Bank Of Canada dropped their target price on shares of Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, May 8th. TD Cowen reduced their price target on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Cantor Fitzgerald lowered their price target on 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, Wells Fargo & Company dropped their price objective on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.33.
Get Our Latest Stock 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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