Deutsche Bank AG purchased a new stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,860,206 shares of the information technology services provider’s stock, valued at approximately $111,205,000.
Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in Fidelity National Information Services during the 4th quarter worth $347,000. Geneos Wealth Management Inc. increased its holdings in Fidelity National Information Services by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 431 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Fidelity National Information Services in the second quarter valued at about $302,000. Marshall Wace LLP purchased a new position in Fidelity National Information Services in the second quarter valued at about $4,896,000. Finally, Cresset Asset Management LLC lifted its stake in shares of Fidelity National Information Services by 20.5% during the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after purchasing an additional 901 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.
Fidelity National Information Services Trading Down 0.7%
NYSE FIS opened at $40.65 on Thursday. The company has a market capitalization of $21.01 billion, a price-to-earnings ratio of 6.24, a price-to-earnings-growth ratio of 0.42 and a beta of 0.77. 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, Inc. has a 12 month low of $37.42 and a 12 month high of $71.90. The company’s fifty day moving average price is $41.33 and its two-hundred day moving average price is $44.92.
Fidelity National Information Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, September 11th. Fidelity National Information Services’s payout ratio is currently 27.04%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on FIS shares. Barclays decreased their target price on 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, August 5th. Stephens reissued an “equal weight” rating and set a $50.00 price target on shares of Fidelity National Information Services in a research report on Tuesday, August 11th. Morgan Stanley initiated coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They issued an “equal weight” rating and a $47.00 price target for the company. Wall Street Zen lowered shares of Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, TD Cowen reduced their target price on shares of Fidelity National Information Services from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of “Hold” and an average target price of $55.39.
Get Our Latest Analysis 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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