Vanguard Personalized Indexing Management LLC increased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 36.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 66,210 shares of the information technology services provider’s stock after acquiring an additional 17,611 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Fidelity National Information Services were worth $5,391,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Dodge & Cox boosted its stake in Fidelity National Information Services by 1.4% during the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock valued at $2,599,484,000 after purchasing an additional 480,771 shares during the period. Goldman Sachs Group Inc. boosted its stake in Fidelity National Information Services by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock valued at $800,032,000 after purchasing an additional 419,199 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Information Services by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock valued at $755,928,000 after purchasing an additional 31,626 shares during the period. Invesco Ltd. boosted its stake in Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock valued at $694,824,000 after purchasing an additional 1,730,878 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Fidelity National Information Services by 17.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock valued at $497,854,000 after purchasing an additional 986,646 shares during the period. Institutional investors and hedge funds own 96.23% of the company’s stock.
Fidelity National Information Services Price Performance
Shares of FIS stock opened at $67.31 on Tuesday. Fidelity National Information Services, Inc. has a 12 month low of $63.00 and a 12 month high of $91.98. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average of $68.25 and a two-hundred day moving average of $74.81. The company has a market capitalization of $35.16 billion, a P/E ratio of 373.97 and a beta of 1.05.
Fidelity National Information Services Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. Fidelity National Information Services’s dividend payout ratio is presently 888.89%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on FIS shares. Robert W. Baird increased their target price on Fidelity National Information Services from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Wednesday, October 8th. Finally, Susquehanna reduced their price objective on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.00.
Read Our Latest Stock Analysis on FIS
About Fidelity National Information Services
Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.
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