Renaissance Technologies LLC acquired a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,768,542 shares of the information technology services provider’s stock, valued at approximately $82,962,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Salomon & Ludwin LLC increased its stake in Fidelity National Information Services by 100.5% in the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 194 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Fidelity National Information Services by 251.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the information technology services provider’s stock worth $34,000 after buying an additional 362 shares during the last quarter. Reflection Asset Management bought a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $34,000. Kemnay Advisory Services Inc. bought a new position in shares of Fidelity National Information Services in the 4th quarter valued at about $42,000. Finally, MBM Wealth Consultants LLC acquired a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $33,000. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Stock Performance
FIS opened at $41.58 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $82.62. The firm has a market cap of $21.49 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. The business’s fifty day moving average is $40.87 and its 200-day moving average is $47.47.
Fidelity National Information Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.76 annualized dividend and a dividend yield of 4.2%. Fidelity National Information Services’s payout ratio is presently 34.11%.
Wall Street Analyst Weigh In
FIS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. The Goldman Sachs Group reduced their target price on shares of Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating for the company in a report on Monday, May 11th. TD Cowen decreased their price target on shares of Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Truist Financial lowered their price target on shares of Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday. Finally, Cantor Fitzgerald cut their price objective on shares of Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $58.68.
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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