Mirae Asset Global Investments Co. Ltd. cut its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 16.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 473,485 shares of the information technology services provider’s stock after selling 93,452 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Fidelity National Information Services were worth $25,898,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaMark Advisors LLC bought a new stake in shares of Fidelity National Information Services during the first quarter valued at approximately $27,000. Barrett & Company Inc. acquired a new position in Fidelity National Information Services during the 1st quarter worth $27,000. Brown Brothers Harriman & Co. increased its holdings in shares of Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 130 shares during the period. Spotlight Asset Group Inc. bought a new stake in shares of Fidelity National Information Services during the second quarter valued at about $30,000. Finally, Fiduciary Alliance LLC acquired a new stake in Fidelity National Information Services in the second quarter worth about $32,000. Institutional investors and hedge funds own 85.67% of the company’s stock.
Fidelity National Information Services Price Performance
Shares of NYSE:FIS opened at $54.80 on Tuesday. Fidelity National Information Services, Inc. has a twelve month low of $46.91 and a twelve month high of $79.32. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The company has a market cap of $32.47 billion, a price-to-earnings ratio of -1.34, a PEG ratio of 1.47 and a beta of 0.84. The business has a 50 day moving average price of $53.19 and a 200 day moving average price of $55.32.
Fidelity National Information Services Announces Dividend
Wall Street Analysts Forecast Growth
FIS has been the subject of a number of research analyst reports. Raymond James reduced their price target on shares of Fidelity National Information Services from $79.00 to $71.00 and set a “strong-buy” rating for the company in a research note on Wednesday, November 8th. Barclays upgraded Fidelity National Information Services from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $62.00 to $69.00 in a report on Thursday, October 19th. Morgan Stanley dropped their target price on shares of Fidelity National Information Services from $79.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, August 3rd. TD Cowen initiated coverage on shares of Fidelity National Information Services in a research note on Friday, October 6th. They issued a “market perform” rating and a $56.00 price objective for the company. Finally, UBS Group reiterated a “neutral” rating and set a $58.00 price target on shares of Fidelity National Information Services in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $66.00.
Insiders Place Their Bets
In related news, Director Ellen R. Alemany bought 855 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 17th. The stock was acquired at an average price of $53.00 per share, for a total transaction of $45,315.00. Following the completion of the purchase, the director now owns 4,598 shares in the company, valued at $243,694. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.
Fidelity National Information Services Profile
Fidelity National Information Services, Inc provides technology solutions for financial institutions and businesses worldwide. It operates through Banking Solutions, Merchant Solutions, and Capital Market Solutions segments. The Banking Solutions segment provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; electronic funds transfer and network; card and retail payment; wealth and retirement; and item processing and output solutions.
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