Peterson Wealth Services boosted its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 16,473.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,219 shares of the information technology services provider’s stock after purchasing an additional 20,097 shares during the quarter. Peterson Wealth Services’ holdings in Fidelity National Information Services were worth $1,344,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dodge & Cox increased its holdings in Fidelity National Information Services by 22.2% during the 3rd quarter. Dodge & Cox now owns 43,105,207 shares of the information technology services provider’s stock worth $2,842,357,000 after purchasing an additional 7,830,710 shares during the last quarter. Capital Research Global Investors increased its holdings in Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after purchasing an additional 172,356 shares during the last quarter. Invesco Ltd. increased its holdings in Fidelity National Information Services by 5.6% during the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after purchasing an additional 448,712 shares during the last quarter. Norges Bank purchased a new stake in Fidelity National Information Services during the 4th quarter worth approximately $495,956,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Fidelity National Information Services by 7.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,905,115 shares of the information technology services provider’s stock valued at $389,372,000 after acquiring an additional 408,166 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity National Information Services Trading Down 1.6%
NYSE:FIS opened at $38.36 on Friday. Fidelity National Information Services, Inc. has a 12-month low of $37.92 and a 12-month high of $82.74. The firm has a market capitalization of $19.83 billion, a P/E ratio of 7.43, a P/E/G ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50 day simple moving average of $44.32 and a 200 day simple moving average of $53.02.
Fidelity National Information Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Thursday, June 11th. Fidelity National Information Services’s payout ratio is 34.11%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald lowered their price target on Fidelity National Information Services from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Stephens lowered their price target on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Susquehanna lowered their price target on Fidelity National Information Services from $69.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. TD Cowen lowered their price target on Fidelity National Information Services from $78.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lowered their price target 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. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.33.
Get Our Latest Research 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.
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