Pallas Capital Advisors LLC acquired a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,375 shares of the information technology services provider’s stock, valued at approximately $598,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FIS. Norges Bank purchased a new stake in shares of Fidelity National Information Services in the 4th quarter valued at approximately $495,956,000. OP Asset Management Ltd purchased a new stake in shares of Fidelity National Information Services during the 1st quarter valued at approximately $2,509,000. South Dakota Investment Council lifted its holdings in Fidelity National Information Services by 46.2% in the first quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock valued at $10,696,000 after acquiring an additional 72,040 shares during the last quarter. Brighton Jones LLC acquired a new position in Fidelity National Information Services in the fourth quarter valued at approximately $347,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Fidelity National Information Services in the fourth quarter worth approximately $17,353,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Information Services Stock Down 0.7%
Shares of NYSE FIS opened at $40.65 on Thursday. The stock has a market cap of $21.01 billion, a P/E ratio of 6.24, a PEG ratio of 0.42 and a beta of 0.77. The business’s fifty day simple moving average is $41.33 and its 200-day simple moving average is $44.92. Fidelity National Information Services, Inc. has a 12-month low of $37.42 and a 12-month high of $71.90. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96.
Fidelity National Information Services Dividend Announcement
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on FIS shares. Deutsche Bank Aktiengesellschaft lowered their price target on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. TD Cowen lowered their target price on shares of Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. The Goldman Sachs Group dropped their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company cut their target price on Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Hold” and an average target price of $55.39.
Read Our Latest Stock Analysis on FIS
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.
Featured Articles
- Five stocks we like better than Fidelity National Information Services
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding FIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Information Services, Inc. (NYSE:FIS – Free Report).
Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.
