Ieq Capital LLC purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,937 shares of the information technology services provider’s stock, valued at approximately $1,708,000.
Other hedge funds have also modified their holdings of the company. Reflection Asset Management acquired a new stake in Fidelity National Information Services in the 4th quarter valued at about $34,000. Kemnay Advisory Services Inc. acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth about $42,000. MBM Wealth Consultants LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter worth approximately $33,000. DV Equities LLC purchased a new stake in shares of Fidelity National Information Services during the fourth quarter worth approximately $48,000. Finally, Hantz Financial Services Inc. raised its holdings in Fidelity National Information Services by 254.5% in the fourth quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after acquiring an additional 598 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Information Services Stock Down 2.4%
Shares of NYSE:FIS opened at $40.40 on Wednesday. The company has a market capitalization of $20.88 billion, a PE ratio of 6.21, a P/E/G ratio of 0.42 and a beta of 0.77. 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, Inc. has a twelve month low of $37.42 and a twelve month high of $71.57. The firm has a 50 day simple moving average of $41.48 and a 200-day simple moving average of $44.57.
Fidelity National Information Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.4%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.04%.
Wall Street Analyst Weigh In
FIS has been the subject of several analyst reports. TD Cowen lowered their price target on shares of Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Barclays decreased their price objective on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Royal Bank Of Canada dropped their target price on Fidelity National Information Services from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. UBS Group restated a “neutral” rating and issued a $49.00 price target (down from $63.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group decreased their price target on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a report on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $54.17.
Read Our Latest Stock 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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