Tulsa Wealth Advisors INC bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 46,903 shares of the information technology services provider’s stock, valued at approximately $1,824,000.
A number of other large investors also recently bought and sold shares of the stock. Dodge & Cox lifted its stake in shares of Fidelity National Information Services by 13.9% in the 4th quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares during the period. Capital Research Global Investors grew its position in Fidelity National Information Services by 0.6% during the fourth quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock valued at $1,869,507,000 after buying an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Information Services by 4.8% in the fourth 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 buying an additional 514,490 shares in the last quarter. Invesco Ltd. raised its position in shares of Fidelity National Information Services by 5.6% in the third quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after acquiring an additional 448,712 shares during the period. Finally, Norges Bank acquired a new position in shares of Fidelity National Information Services in the fourth quarter worth about $495,956,000. 96.23% of the stock is owned by institutional investors and hedge funds.
Fidelity National Information Services Trading Down 0.0%
Shares of Fidelity National Information Services stock opened at $42.91 on Monday. The firm has a market capitalization of $22.18 billion, a PE ratio of 6.59, a P/E/G ratio of 0.44 and a beta of 0.77. Fidelity National Information Services, Inc. has a twelve month low of $37.42 and a twelve month high of $71.99. The firm’s 50-day moving average price is $41.24 and its 200 day moving average price is $45.25. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96.
Fidelity National Information Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given 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 presently 27.04%.
Analyst Ratings Changes
Several equities analysts recently weighed in on FIS shares. Cantor Fitzgerald cut their price target on Fidelity National Information Services from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. The Goldman Sachs Group lowered their price target on Fidelity National Information Services from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Citigroup cut 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 Wednesday, August 5th. National Bank Financial set a $50.00 target price on Fidelity National Information Services in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.39.
Get Our Latest Research Report on Fidelity National Information Services
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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