Jupiter Asset Management Ltd. Has $8.13 Million Holdings in Fidelity National Information Services, Inc. $FIS

Jupiter Asset Management Ltd. decreased its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS) by 87.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,235 shares of the information technology services provider’s stock after selling 827,880 shares during the period. Jupiter Asset Management Ltd.’s holdings in Fidelity National Information Services were worth $8,126,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its stake in shares of Fidelity National Information Services by 21.9% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 835 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 150 shares during the period. Wealthspire Advisors LLC boosted its position in shares of Fidelity National Information Services by 3.1% during the second quarter. Wealthspire Advisors LLC now owns 5,426 shares of the information technology services provider’s stock worth $442,000 after buying an additional 162 shares during the period. FJ Capital Management LLC grew its holdings in shares of Fidelity National Information Services by 4.7% during the second quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after buying an additional 163 shares in the last quarter. Gratus Wealth Advisors LLC raised its position in Fidelity National Information Services by 1.4% in the 3rd quarter. Gratus Wealth Advisors LLC now owns 12,389 shares of the information technology services provider’s stock valued at $817,000 after buying an additional 170 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Fidelity National Information Services by 0.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 24,042 shares of the information technology services provider’s stock valued at $1,981,000 after acquiring an additional 175 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 941 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were purchased at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the purchase, the director directly owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This represents a 6.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FIS has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $70.00 price objective on shares of Fidelity National Information Services in a report on Thursday, January 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. UBS Group boosted their price target on shares of Fidelity National Information Services from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. decreased their price objective on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Finally, Truist Financial lowered their target price on Fidelity National Information Services from $72.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.94.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $49.14 on Friday. The company has a fifty day moving average price of $59.80 and a two-hundred day moving average price of $64.39. Fidelity National Information Services, Inc. has a one year low of $46.16 and a one year high of $82.74. The stock has a market cap of $25.44 billion, a P/E ratio of 181.98, a P/E/G ratio of 0.73 and a beta of 0.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.53 and a quick ratio of 0.53.

Fidelity National Information Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.44 per share. The ex-dividend date is Tuesday, March 10th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a yield of 3.6%. Fidelity National Information Services’s dividend payout ratio is 592.59%.

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.