Nykredit A S bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 142,029 shares of the information technology services provider’s stock, valued at approximately $5,522,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dodge & Cox grew its holdings in Fidelity National Information Services by 13.9% in the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares during the period. BlackRock Inc. acquired a new stake in shares of Fidelity National Information Services in the second quarter valued at about $1,730,200,000. Capital Research Global Investors raised its stake 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 valued at $1,869,507,000 after purchasing an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Fidelity National Information Services by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock worth $744,134,000 after buying an additional 514,490 shares during the period. Finally, Invesco Ltd. increased its position in shares of Fidelity National Information Services by 5.6% during the third quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after acquiring an additional 448,712 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Trading Down 0.0%
Shares of NYSE FIS opened at $41.88 on Monday. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $70.27. The business has a fifty day simple moving average of $41.97 and a 200-day simple moving average of $44.13. The company has a market cap of $21.65 billion, a price-to-earnings ratio of 6.43, a P/E/G ratio of 0.44 and a beta of 0.79. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.96.
Fidelity National Information Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, September 11th. This represents a $1.76 dividend on an annualized basis and a yield of 4.2%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 27.04%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Information Services from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Truist Financial cut their target price on Fidelity National Information Services from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Finally, Citigroup reduced their price target on shares of Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.96.
View 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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