Value Holdings Management CO. LLC lowered its position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,800 shares of the information technology services provider’s stock after selling 36,100 shares during the period. Fidelity National Information Services makes up about 1.4% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its 18th biggest position. Value Holdings Management CO. LLC’s holdings in Fidelity National Information Services were worth $8,560,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Fidelity National Information Services during the third quarter worth $29,000. LRI Investments LLC increased its position in shares of Fidelity National Information Services by 613.1% in the third 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 position in shares of Fidelity National Information Services during the 3rd quarter worth $29,000. GoalVest Advisory LLC acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth $33,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Fidelity National Information Services in the 3rd quarter worth about $37,000. 96.23% of the stock is owned by hedge funds and other institutional investors.
Fidelity National Information Services Price Performance
NYSE:FIS opened at $47.34 on Friday. The firm has a market cap of $24.35 billion, a price-to-earnings ratio of 64.85, a price-to-earnings-growth ratio of 0.46 and a beta of 0.90. 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 company’s 50-day moving average is $51.82 and its two-hundred day moving average is $61.03. Fidelity National Information Services, Inc. has a 12-month low of $46.16 and a 12-month high of $82.74.
Fidelity National Information Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.7%. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, March 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is 241.10%.
Insider Activity at Fidelity National Information Services
In other Fidelity National Information Services news, CEO Stephanie Ferris acquired 19,846 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were acquired at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the acquisition, the chief executive officer directly owned 281,458 shares of the company’s stock, valued at $14,182,668.62. This trade represents a 7.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Goldstein acquired 941 shares of the stock in a transaction dated Thursday, January 15th. The stock was acquired at an average cost of $64.11 per share, with a total value of $60,327.51. Following the transaction, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.21% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have weighed in on FIS. TD Cowen dropped their target price on shares of Fidelity National Information Services from $89.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Information Services from $85.00 to $72.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price objective on shares of Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Compass Point cut their price objective on Fidelity National Information Services from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Finally, Wells Fargo & Company reduced their target price on Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.86.
Get Our Latest Stock 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.
Further Reading
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