Tejara Capital Ltd bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 292,811 shares of the information technology services provider’s stock, valued at approximately $11,384,000. Fidelity National Information Services accounts for about 4.7% of Tejara Capital Ltd’s holdings, making the stock its 2nd largest position.
A number of other hedge funds have also modified their holdings of FIS. Salomon & Ludwin LLC lifted its stake in shares of Fidelity National Information Services by 100.5% in the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock worth $26,000 after buying an additional 194 shares in the last quarter. Reflection Asset Management purchased a new stake in Fidelity National Information Services during the 4th quarter valued at about $34,000. Kemnay Advisory Services Inc. purchased a new stake in Fidelity National Information Services during the 4th quarter valued at about $42,000. MBM Wealth Consultants LLC acquired a new stake in Fidelity National Information Services in the 1st quarter valued at about $33,000. Finally, DV Equities LLC acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $48,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Information Services Trading Down 0.2%
Shares of Fidelity National Information Services stock opened at $40.58 on Friday. The firm has a market capitalization of $20.97 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.42 and a beta of 0.77. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $71.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a 50 day moving average of $41.37 and a 200 day moving average of $44.82.
Fidelity National Information Services Announces Dividend
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 given 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 of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.04%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Oppenheimer lowered their target price on Fidelity National Information Services from $69.00 to $62.00 in a report on Friday, May 8th. Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Royal Bank Of Canada dropped their target price on Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Finally, Barclays cut their target price on Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.39.
Get Our Latest Stock Analysis on Fidelity National Information Services
Fidelity National Information Services 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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