Dimensional Fund Advisors LP increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,905,115 shares of the information technology services provider’s stock after purchasing an additional 408,166 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.14% of Fidelity National Information Services worth $389,372,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of Fidelity National Information Services in the fourth quarter worth $347,000. Geneos Wealth Management Inc. increased its holdings in Fidelity National Information Services by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after acquiring an additional 431 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Fidelity National Information Services in the 2nd quarter worth $302,000. Spire Wealth Management boosted its holdings in shares of Fidelity National Information Services by 1,396.3% during the 2nd quarter. Spire Wealth Management now owns 1,212 shares of the information technology services provider’s stock valued at $99,000 after purchasing an additional 1,131 shares during the last quarter. Finally, Keybank National Association OH grew its position in shares of Fidelity National Information Services by 8.6% during the second quarter. Keybank National Association OH now owns 4,573 shares of the information technology services provider’s stock valued at $372,000 after purchasing an additional 361 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.
Fidelity National Information Services Stock Performance
NYSE FIS opened at $50.01 on Thursday. The business’s 50 day moving average price is $57.09 and its 200-day moving average price is $63.19. Fidelity National Information Services, Inc. has a fifty-two week low of $46.16 and a fifty-two week high of $82.74. The company has a market cap of $25.73 billion, a P/E ratio of 68.51, a P/E/G ratio of 0.47 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59.
Fidelity National Information Services Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.5%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 219.18%.
Insider Activity at Fidelity National Information Services
In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 941 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were purchased at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the purchase, the director owned 14,529 shares in the company, valued at $931,454.19. This represents a 6.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.
Analyst Ratings Changes
FIS has been the topic of a number of research analyst reports. Argus decreased their target price on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. BNP Paribas Exane decreased their price objective on Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Tuesday, January 20th. Wolfe Research lowered their target price on Fidelity National Information Services from $90.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. UBS Group reduced their price target on shares of Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Information Services from $85.00 to $72.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.85.
Check Out Our Latest Analysis on FIS
About Fidelity National Information Services
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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