111 Capital grew its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 57.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,356 shares of the information technology services provider’s stock after acquiring an additional 1,591 shares during the period. 111 Capital’s holdings in Fidelity National Information Services were worth $355,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of FIS. Dodge & Cox grew its stake in Fidelity National Information Services by 1.4% during the 1st quarter. Dodge & Cox now owns 34,808,298 shares of the information technology services provider’s stock valued at $2,599,484,000 after purchasing an additional 480,771 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Fidelity National Information Services by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock worth $800,032,000 after buying an additional 419,199 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Fidelity National Information Services by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock worth $755,928,000 after buying an additional 31,626 shares during the last quarter. Invesco Ltd. raised its holdings in Fidelity National Information Services by 22.9% in the first quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock valued at $694,824,000 after acquiring an additional 1,730,878 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Fidelity National Information Services by 17.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 6,666,499 shares of the information technology services provider’s stock valued at $497,854,000 after acquiring an additional 986,646 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.
Fidelity National Information Services Stock Performance
Shares of FIS stock opened at $66.71 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $69.73 and a two-hundred day moving average of $75.08. Fidelity National Information Services, Inc. has a 52 week low of $63.00 and a 52 week high of $91.98. The company has a market cap of $34.85 billion, a P/E ratio of 370.60 and a beta of 1.05.
Fidelity National Information Services Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. Fidelity National Information Services’s payout ratio is 888.89%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Susquehanna dropped their target price on shares of Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Truist Financial boosted their price objective on Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, July 17th. UBS Group upgraded Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a research report on Saturday, September 27th. Finally, Keefe, Bruyette & Woods lowered their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.00.
Check Out Our Latest Research Report on Fidelity National Information Services
About Fidelity National Information Services
Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.
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