Verbena Value LP lowered its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 61.5% during the 1st quarter, HoldingsChannel reports. The fund owned 237,925 shares of the information technology services provider’s stock after selling 380,425 shares during the period. Fidelity National Information Services accounts for approximately 1.8% of Verbena Value LP’s portfolio, making the stock its 17th biggest holding. Verbena Value LP’s holdings in Fidelity National Information Services were worth $11,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC lifted its holdings in shares of Fidelity National Information Services by 100.5% during the fourth quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 194 shares during the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Fidelity National Information Services in the 4th quarter worth approximately $33,000. MBM Wealth Consultants LLC bought a new position in Fidelity National Information Services during the 1st quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Fidelity National Information Services by 251.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 362 shares during the last quarter. Finally, Reflection Asset Management bought a new stake in Fidelity National Information Services in the fourth quarter worth $34,000. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Stock Performance
Shares of FIS opened at $41.99 on Monday. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $82.62. The business has a fifty day moving average of $41.43 and a 200 day moving average of $49.12. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $21.70 billion, a P/E ratio of 8.14, a PEG ratio of 0.41 and a beta of 0.80.
Fidelity National Information Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Thursday, June 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 34.11%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. The Goldman Sachs Group dropped their price target on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Barclays began coverage on shares of Fidelity National Information Services in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $44.00 price objective on the stock. Weiss Ratings cut shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Morgan Stanley assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 target price on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $59.96.
Read Our Latest 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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