Princeton Global Asset Management LLC decreased its position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,212 shares of the information technology services provider’s stock after selling 1,751 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Fidelity National Information Services were worth $2,215,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Cidel Asset Management Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter valued at about $243,000. Chicago Partners Investment Group LLC boosted its holdings in Fidelity National Information Services by 12.8% during the second quarter. Chicago Partners Investment Group LLC now owns 8,322 shares of the information technology services provider’s stock worth $679,000 after buying an additional 945 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Fidelity National Information Services in the second quarter worth approximately $32,694,000. Quotient Wealth Partners LLC acquired a new position in Fidelity National Information Services in the second quarter worth approximately $251,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Fidelity National Information Services in the second quarter valued at $373,000. 96.23% of the stock is owned by institutional investors and hedge funds.
Fidelity National Information Services Trading Up 1.8%
Shares of NYSE FIS opened at $66.96 on Monday. Fidelity National Information Services, Inc. has a one year low of $63.00 and a one year high of $91.98. The firm has a market capitalization of $34.98 billion, a PE ratio of 372.04 and a beta of 1.05. 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 business has a 50-day moving average price of $67.92 and a two-hundred day moving average price of $74.58.
Fidelity National Information Services Dividend Announcement
The business 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. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services’s payout ratio is currently 888.89%.
Insider Buying and Selling at Fidelity National Information Services
In other news, Director Jeffrey A. Goldstein acquired 889 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was acquired at an average cost of $67.66 per share, for a total transaction of $60,149.74. Following the completion of the acquisition, the director owned 13,588 shares in the company, valued at approximately $919,364.08. The trade was a 7.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reduced their price objective on Fidelity National Information Services from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Truist Financial increased their price target on Fidelity National Information Services from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Robert W. Baird lifted 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Fidelity National Information Services in a report on Wednesday, October 8th. Finally, UBS Group raised shares of Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, September 30th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.33.
View Our Latest Stock Analysis on Fidelity National Information Services
Fidelity National Information Services 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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