Van ECK Associates Corp decreased its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 71.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,972 shares of the information technology services provider’s stock after selling 25,144 shares during the quarter. Van ECK Associates Corp’s holdings in Fidelity National Information Services were worth $388,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Dodge & Cox lifted its holdings in Fidelity National Information Services by 13.9% during the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock worth $3,264,070,000 after buying an additional 6,008,090 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Fidelity National Information Services in the second quarter worth $1,730,200,000. Capital Research Global Investors increased its position in shares of Fidelity National Information Services by 0.6% during the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after acquiring an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Fidelity National Information Services by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after acquiring an additional 514,490 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Fidelity National Information Services by 5.6% in the third quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock valued at $561,500,000 after acquiring an additional 448,712 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.
Fidelity National Information Services Trading Down 0.9%
FIS opened at $41.88 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $70.27. The company has a market cap of $21.65 billion, a P/E ratio of 6.43, a PEG ratio of 0.44 and a beta of 0.79. The business’s 50-day simple moving average is $41.97 and its 200-day simple moving average is $44.15.
Fidelity National Information Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.44 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. Fidelity National Information Services’s dividend payout ratio is presently 27.04%.
Analyst Ratings Changes
Several research firms recently commented on FIS. Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Stephens reiterated an “equal weight” rating and issued a $50.00 price objective on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. Wolfe Research boosted their price objective on Fidelity National Information Services from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Barclays cut their target price on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. Finally, National Bank Financial set a $50.00 target price on shares of Fidelity National Information Services in a report on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.96.
Get Our Latest Stock Analysis on FIS
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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