Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 35.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 348,766 shares of the information technology services provider’s stock after acquiring an additional 92,050 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Fidelity National Information Services were worth $16,361,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dodge & Cox lifted its stake 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 buying an additional 6,008,090 shares during the period. Capital Research Global Investors grew its position in shares of Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after buying an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Fidelity National Information Services by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after acquiring an additional 514,490 shares in the last quarter. Invesco Ltd. lifted its position in shares of Fidelity National Information Services by 5.6% during the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock valued at $561,500,000 after acquiring an additional 448,712 shares during the period. Finally, Norges Bank bought a new position in Fidelity National Information Services during the fourth quarter worth $495,956,000. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Price Performance
Shares of NYSE FIS opened at $41.72 on Friday. The company has a market capitalization of $21.56 billion, a PE ratio of 8.09, a PEG ratio of 0.40 and a beta of 0.80. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. The stock’s 50 day moving average price is $41.98 and its 200-day moving average price is $50.17. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $82.62.
Fidelity National Information Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, June 11th. Fidelity National Information Services’s payout ratio is presently 34.11%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Stephens reduced their price target on shares of Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Weiss Ratings raised shares of Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Truist Financial decreased their target price on Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, May 28th. BNP Paribas Exane dropped their price target on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Finally, TD Cowen reduced their price objective on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.33.
Check Out Our Latest Research Report on FIS
Fidelity National Information Services Company 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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