OMERS ADMINISTRATION Corp bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 280,128 shares of the information technology services provider’s stock, valued at approximately $10,891,000. OMERS ADMINISTRATION Corp owned approximately 0.05% of Fidelity National Information Services as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services during the 4th quarter worth $347,000. Geneos Wealth Management Inc. grew its position in Fidelity National Information Services by 70.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 431 shares during the period. Sivia Capital Partners LLC purchased a new stake in Fidelity National Information Services during the second quarter worth about $302,000. Marshall Wace LLP bought a new stake in Fidelity National Information Services in the second quarter worth about $4,896,000. Finally, Cresset Asset Management LLC boosted its stake in Fidelity National Information Services by 20.5% in the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock valued at $431,000 after acquiring an additional 901 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.
Fidelity National Information Services Price Performance
Shares of NYSE FIS opened at $41.42 on Tuesday. The stock has a market cap of $21.41 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $71.67. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a fifty day moving average of $41.47 and a 200-day moving average of $44.65.
Fidelity National Information Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 27.04%.
Analyst Ratings Changes
FIS has been the subject of several research analyst reports. Cantor Fitzgerald decreased their price target on shares of Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. National Bank Financial set a $50.00 price objective on Fidelity National Information Services in a research note on Monday, August 10th. Morgan Stanley started coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price objective for the company. Weiss Ratings lowered Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company dropped their price target on Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and a consensus target price of $55.39.
Check Out 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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