One Way Holdings LLC purchased a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 247,349 shares of the information technology services provider’s stock, valued at approximately $8,138,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Fidelity National Information Services in the 3rd quarter valued at about $4,337,000. Vise Technologies Inc. lifted its stake in Fidelity National Information Services by 165.5% in the 3rd quarter. Vise Technologies Inc. now owns 30,441 shares of the information technology services provider’s stock valued at $1,002,000 after buying an additional 18,977 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in Fidelity National Information Services by 26.1% during the 3rd quarter. Cidel Asset Management Inc. now owns 10,302 shares of the information technology services provider’s stock valued at $339,000 after buying an additional 2,132 shares during the last quarter. Invera Wealth Advisors LLC lifted its position in shares of Fidelity National Information Services by 7.1% in the third quarter. Invera Wealth Advisors LLC now owns 10,934 shares of the information technology services provider’s stock valued at $360,000 after acquiring an additional 729 shares in the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Fidelity National Information Services during the third quarter valued at $71,000. 96.23% of the stock is owned by institutional investors and hedge funds.
Fidelity National Information Services Stock Performance
FIS opened at $38.58 on Monday. Fidelity National Information Services, Inc. has a 1-year low of $32.10 and a 1-year high of $68.37. The business has a 50 day moving average price of $36.98 and a two-hundred day moving average price of $43.89. The company has a market capitalization of $19.94 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 0.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.53.
Fidelity National Information Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, December 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.6%. Fidelity National Information Services’s payout ratio is currently 27.04%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on FIS shares. Robert W. Baird lowered their price objective on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, September 25th. Citigroup decreased their price target on Fidelity National Information Services from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, October 16th. Truist Financial decreased their target price on Fidelity National Information Services from $43.00 to $37.00 and set a “hold” rating for the company in a report on Friday, October 23rd. Stephens assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, August 11th. They set an “equal weight” rating and a $50.00 target price on the stock. Finally, National Bank Financial set a $45.00 price objective on Fidelity National Information Services in a research note on Friday, October 16th. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and a consensus target price of $49.04.
View Our Latest Stock Report on Fidelity National Information Services
Insider Activity at Fidelity National Information Services
In other Fidelity National Information Services news, Director Jeffrey Goldstein acquired 1,585 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average price of $36.40 per share, with a total value of $57,694.00. Following the purchase, the director owned 18,697 shares of the company’s stock, valued at $680,570.80. This represents a 9.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.28% of the company’s stock.
Fidelity National Information Services Company Profile
Fidelity National Information Services, Inc (NYSE:FIS) is a global financial technology company that provides software, services and technology infrastructure to banks, financial institutions, merchants and other businesses. Its solutions are designed to support transaction processing, digital banking, payments, risk management and other essential financial operations.
FIS offers core banking and digital banking platforms, card and payment processing services, fraud and financial crime prevention tools, and technologies that help financial institutions manage accounts, lending and other banking activities.
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