WINTON GROUP Ltd bought a new position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 142,900 shares of the information technology services provider’s stock, valued at approximately $9,423,000.
A number of other large investors have also made changes to their positions in FIS. Root Financial Partners LLC purchased a new position in Fidelity National Information Services during the third quarter worth approximately $29,000. LRI Investments LLC grew its holdings in Fidelity National Information Services by 613.1% in the 3rd quarter. LRI Investments LLC now owns 435 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 374 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter worth $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth $43,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity National Information Services Stock Up 1.7%
Shares of FIS opened at $51.44 on Monday. The company’s 50-day moving average price is $56.45 and its 200 day moving average price is $62.89. Fidelity National Information Services, Inc. has a 12-month low of $46.16 and a 12-month high of $82.74. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The firm has a market cap of $26.46 billion, a P/E ratio of 70.47, a price-to-earnings-growth ratio of 0.50 and a beta of 0.90.
Fidelity National Information Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.44 dividend. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, March 10th. This represents a $1.76 annualized dividend and a yield of 3.4%. Fidelity National Information Services’s payout ratio is 219.18%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. BNP Paribas Exane dropped their price objective on shares of Fidelity National Information Services from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Tuesday, January 20th. Citigroup reduced their target price on shares of Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Raymond James Financial dropped their price target on shares of Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $70.00 price target on shares of Fidelity National Information Services in a report on Thursday, January 15th. Finally, UBS Group decreased their price objective on Fidelity National Information Services from $83.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.85.
Read Our Latest Report on Fidelity National Information Services
Insider Transactions at Fidelity National Information Services
In other news, Director Jeffrey A. Goldstein bought 941 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were bought at an average price of $64.11 per share, with a total value of $60,327.51. Following the completion of the transaction, the director directly owned 14,529 shares in the company, valued at $931,454.19. This trade 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 available at this hyperlink. 0.21% of the stock is currently owned by insiders.
About Fidelity National Information Services
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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