First Trust Advisors LP boosted its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 29.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,448 shares of the information technology services provider’s stock after purchasing an additional 13,323 shares during the period. First Trust Advisors LP’s holdings in Fidelity National Information Services were worth $2,742,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of FIS. ABN Amro Investment Solutions boosted its position in shares of Fidelity National Information Services by 40.8% during the first quarter. ABN Amro Investment Solutions now owns 28,509 shares of the information technology services provider’s stock worth $1,337,000 after buying an additional 8,262 shares during the period. Oslo Pensjonsforsikring AS bought a new stake in Fidelity National Information Services in the 1st quarter valued at approximately $288,000. KBC Group NV boosted its position in Fidelity National Information Services by 2.8% during the 1st quarter. KBC Group NV now owns 111,871 shares of the information technology services provider’s stock worth $5,248,000 after acquiring an additional 3,037 shares during the last quarter. SEB Asset Management AB bought a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $4,910,000. Finally, Swiss National Bank raised its holdings in shares of Fidelity National Information Services by 6.1% in the first quarter. Swiss National Bank now owns 1,519,746 shares of the information technology services provider’s stock valued at $71,291,000 after purchasing an additional 87,800 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.
Fidelity National Information Services Stock Down 0.1%
Fidelity National Information Services stock opened at $42.78 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.53 and a quick ratio of 0.59. The company’s 50-day moving average is $41.14 and its 200-day moving average is $45.98. The firm has a market capitalization of $22.11 billion, a PE ratio of 6.57, a P/E/G 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 $72.91.
Fidelity National Information Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s payout ratio is currently 27.04%.
Analysts Set New Price Targets
FIS has been the subject of a number of analyst reports. Barclays decreased their target price on shares of Fidelity National Information Services from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods lowered their target price 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. Citigroup dropped their target price on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday. Oppenheimer decreased their price target on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Finally, Wall Street Zen lowered Fidelity National Information Services from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.55.
Get Our Latest Stock Report 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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