Patriot Financial Group Insurance Agency LLC grew its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 180.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,484 shares of the information technology services provider’s stock after buying an additional 20,262 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Fidelity National Information Services were worth $1,477,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $347,000. Geneos Wealth Management Inc. increased its position in shares of 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 in the last quarter. Sivia Capital Partners LLC bought a new position in Fidelity National Information Services during the 2nd quarter valued at about $302,000. Marshall Wace LLP acquired a new position in Fidelity National Information Services in the second quarter valued at about $4,896,000. Finally, Cresset Asset Management LLC boosted its position in Fidelity National Information Services by 20.5% in the second 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 in the last quarter. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Stock Performance
Shares of NYSE FIS opened at $38.70 on Tuesday. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $82.74. The stock has a 50 day moving average of $42.44 and a 200-day moving average of $50.73. 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 company has a market capitalization of $20.01 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.38 and a beta of 0.79.
Fidelity National Information Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.5%. Fidelity National Information Services’s dividend payout ratio is presently 34.11%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on FIS shares. Wall Street Zen cut shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Citigroup cut their price objective on Fidelity National Information Services from $53.00 to $48.00 in a research report on Friday, May 8th. Cantor Fitzgerald reduced their price objective on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. BNP Paribas Exane lowered their target price on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Finally, Truist Financial cut their price target on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.33.
Get Our Latest Research Report on FIS
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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