The Manufacturers Life Insurance Company purchased a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 260,142 shares of the information technology services provider’s stock, valued at approximately $10,114,000. The Manufacturers Life Insurance Company owned about 0.05% of Fidelity National Information Services at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter worth $1,730,200,000. Norges Bank acquired a new position in Fidelity National Information Services during the 4th quarter valued at about $495,956,000. Dodge & Cox boosted its holdings in Fidelity National Information Services by 13.9% in the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after acquiring an additional 6,008,090 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Fidelity National Information Services during the second quarter worth about $219,162,000. Finally, Deutsche Bank AG purchased a new stake in shares of Fidelity National Information Services during the second quarter worth about $111,205,000. 96.23% of the stock is owned by institutional investors and hedge funds.
Fidelity National Information Services Stock Performance
Shares of NYSE FIS opened at $41.45 on Friday. The company has a 50 day simple moving average of $41.64 and a two-hundred day simple moving average of $44.39. The stock has a market cap of $21.42 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.43 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 12 month low of $37.42 and a 12 month high of $70.38.
Fidelity National Information Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.04%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on FIS shares. Stephens reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Barclays decreased their price target on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Cantor Fitzgerald dropped their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, The Goldman Sachs Group reduced their target price on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.96.
Read 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.
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