Krilogy Financial LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,413 shares of the information technology services provider’s stock, valued at approximately $992,000.
Other large investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in Fidelity National Information Services by 15.4% in the 4th quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock valued at $96,048,000 after purchasing an additional 191,957 shares during the period. Clear Trail Advisors LLC bought a new position in shares of Fidelity National Information Services during the 4th quarter worth about $2,590,000. SG Americas Securities LLC increased its holdings in shares of Fidelity National Information Services by 702.1% during the 4th quarter. SG Americas Securities LLC now owns 576,026 shares of the information technology services provider’s stock worth $38,283,000 after purchasing an additional 504,215 shares during the period. Norges Bank acquired a new position in shares of Fidelity National Information Services during the fourth quarter valued at about $495,956,000. Finally, Brighton Jones LLC acquired a new position in shares of Fidelity National Information Services during the fourth quarter valued at about $347,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Information Services Stock Performance
NYSE:FIS opened at $37.88 on Friday. The firm has a market capitalization of $19.58 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $82.74. The firm has a 50-day moving average price of $42.83 and a 200 day moving average price of $51.11.
Fidelity National Information Services Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.6%. The ex-dividend date was Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio is currently 34.11%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on FIS. Argus lowered their price target on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. UBS Group reduced their price objective on Fidelity National Information Services from $73.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Citigroup decreased their price objective on Fidelity National Information Services from $53.00 to $48.00 in a report on Friday, May 8th. Keefe, Bruyette & Woods cut their target price on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Finally, Truist Financial reduced their target price on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.33.
Get Our Latest Stock Analysis on Fidelity National Information Services
Fidelity National Information Services Company 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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