California State Teachers Retirement System trimmed its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 896,460 shares of the information technology services provider’s stock after selling 21,389 shares during the period. California State Teachers Retirement System’s holdings in Fidelity National Information Services were worth $42,053,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $347,000. Geneos Wealth Management Inc. increased its holdings in 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 last quarter. Sivia Capital Partners LLC acquired a new position in Fidelity National Information Services in the second quarter worth approximately $302,000. Marshall Wace LLP bought a new position in Fidelity National Information Services during the second quarter valued at approximately $4,896,000. Finally, Cresset Asset Management LLC raised its position in Fidelity National Information Services by 20.5% during 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 acquiring an additional 901 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Stock Down 2.5%
NYSE FIS opened at $44.83 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 50 day moving average is $41.06 and its two-hundred day moving average is $46.71. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.45 and a beta of 0.80. Fidelity National Information Services, Inc. has a 1-year low of $37.42 and a 1-year high of $80.99.
Fidelity National Information Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 34.11%.
Analyst Ratings Changes
FIS has been the subject of a number of recent research reports. Oppenheimer decreased their price objective on shares of Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Barclays assumed coverage on Fidelity National Information Services in a report on Wednesday, July 8th. They set an “equal weight” rating and a $44.00 target price on the stock. Stephens reduced their price target on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. TD Cowen decreased their price target on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, BNP Paribas Exane lowered their price objective on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.68.
View Our Latest Stock Report 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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