ASR Vermogensbeheer N.V. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 13.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,245 shares of the information technology services provider’s stock after buying an additional 5,675 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Fidelity National Information Services were worth $3,928,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Sierra Ocean LLC grew its holdings in Fidelity National Information Services by 356.0% during the first quarter. Sierra Ocean LLC now owns 342 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 267 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Fidelity National Information Services by 92.1% in the 1st quarter. Meeder Asset Management Inc. now owns 342 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 164 shares during the period. YANKCOM Partnership grew its holdings in shares of Fidelity National Information Services by 118.8% in the 1st quarter. YANKCOM Partnership now owns 350 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 190 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Fidelity National Information Services by 179.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 389 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 250 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Fidelity National Information Services by 100.5% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 445 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 223 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Information Services Trading Up 0.4%
NYSE:FIS opened at $66.71 on Friday. Fidelity National Information Services, Inc. has a twelve month low of $63.00 and a twelve month high of $91.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $69.73 and a two-hundred day moving average price of $75.07. The company has a market cap of $34.85 billion, a P/E ratio of 370.60 and a beta of 1.05.
Fidelity National Information Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is 888.89%.
Analysts Set New Price Targets
A number of research firms have issued reports on FIS. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Saturday, September 27th. Susquehanna decreased their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Truist Financial boosted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, UBS Group upgraded shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average price target of $91.00.
Check Out Our Latest Analysis on Fidelity National Information Services
Fidelity National Information Services Profile
Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.
See Also
- Five stocks we like better than Fidelity National Information Services
- Stock Market Upgrades: What Are They?
- After Trump Deal, Can Meta Stock Withstand TikTok’s Onslaught?
- How is Compound Interest Calculated?
- Alphabet: After Its Best Quarter in Decades, Is It Time to Buy?
- Should You Invest in Penny Stocks?
- Forget Airlines—These Trucking Stocks Are Shifting Into High Gear
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.