Thompson Investment Management Inc. raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 40.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,638 shares of the information technology services provider’s stock after buying an additional 472 shares during the period. Thompson Investment Management Inc.’s holdings in Fidelity National Information Services were worth $133,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Dodge & Cox grew its holdings 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 buying an additional 480,771 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Fidelity National Information Services by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,712,794 shares of the information technology services provider’s stock valued at $800,032,000 after buying an additional 419,199 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Fidelity National Information Services by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,126,213 shares of the information technology services provider’s stock valued at $755,928,000 after buying an additional 31,626 shares during the last quarter. Invesco Ltd. grew its holdings in Fidelity National Information Services by 22.9% during the 1st quarter. Invesco Ltd. now owns 9,304,011 shares of the information technology services provider’s stock valued at $694,824,000 after buying an additional 1,730,878 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings 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 buying 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 Trading Down 2.5%
Shares of FIS opened at $66.86 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $34.93 billion, a P/E ratio of 371.47 and a beta of 1.05. The stock’s fifty day simple moving average is $68.48 and its 200 day simple moving average is $74.85. Fidelity National Information Services, Inc. has a twelve month low of $63.00 and a twelve month high of $91.98.
Fidelity National Information Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is 888.89%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on FIS shares. Robert W. Baird increased their price target on Fidelity National Information Services from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods reduced their price target on Fidelity National Information Services from $88.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Wednesday. Truist Financial increased their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, July 17th. Finally, Susquehanna reduced their price target on Fidelity National Information Services from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.00.
Get Our Latest Analysis on FIS
Fidelity National Information Services Company Profile
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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