Legal & General Group Plc bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,338,866 shares of the information technology services provider’s stock, valued at approximately $129,815,000. Legal & General Group Plc owned 0.65% of Fidelity National Information Services at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MBM Wealth Consultants LLC acquired a new stake in Fidelity National Information Services in the first quarter worth $33,000. Reflection Asset Management acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $34,000. Kemnay Advisory Services Inc. acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $42,000. DV Equities LLC bought a new stake in shares of Fidelity National Information Services in the 4th quarter valued at $48,000. Finally, Hantz Financial Services Inc. increased its position in shares of Fidelity National Information Services by 254.5% in the 4th quarter. Hantz Financial Services Inc. now owns 833 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 598 shares in the last quarter. 96.23% of the stock is owned by institutional investors.
Fidelity National Information Services Price Performance
Shares of NYSE FIS opened at $40.53 on Friday. The firm has a market cap of $20.95 billion, a PE ratio of 6.23, a PEG 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 1-year low of $37.42 and a 1-year high of $70.38. The company has a fifty day moving average price of $41.57 and a 200 day moving average price of $44.42.
Fidelity National Information Services Announces Dividend
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 given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a 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 currently 27.04%.
Analysts Set New Price Targets
Several research analysts have weighed in on FIS shares. Truist Financial reduced their target price on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Weiss Ratings raised Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Citigroup cut their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Barclays decreased their price objective on 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. Finally, Cantor Fitzgerald lowered their target price on Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.96.
Check Out Our Latest 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.
Further Reading
- Five stocks we like better than Fidelity National Information Services
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
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.
