AustralianSuper Pty Ltd grew its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 40.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,944 shares of the information technology services provider’s stock after buying an additional 4,299 shares during the period. AustralianSuper Pty Ltd’s holdings in Fidelity National Information Services were worth $1,217,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of FIS. Cullen Investment Group LTD. lifted its stake in Fidelity National Information Services by 10.4% in the 2nd quarter. Cullen Investment Group LTD. now owns 58,464 shares of the information technology services provider’s stock worth $4,760,000 after purchasing an additional 5,521 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Fidelity National Information Services in the first quarter worth $276,000. Brown Advisory Inc. grew its position in Fidelity National Information Services by 16.7% during the first quarter. Brown Advisory Inc. now owns 329,325 shares of the information technology services provider’s stock worth $24,594,000 after buying an additional 47,086 shares in the last quarter. Compass Wealth Management LLC grew its position in Fidelity National Information Services by 13.5% during the first quarter. Compass Wealth Management LLC now owns 77,794 shares of the information technology services provider’s stock worth $5,810,000 after buying an additional 9,251 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in Fidelity National Information Services in the 4th quarter worth about $347,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Price Performance
Shares of Fidelity National Information Services stock opened at $66.50 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59. 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 fifty day moving average of $67.49 and a 200-day moving average of $74.48. The stock has a market capitalization of $34.74 billion, a price-to-earnings ratio of 369.46 and a beta of 1.05.
Fidelity National Information Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 888.89%.
Insider Transactions at Fidelity National Information Services
In related news, Director Jeffrey A. Goldstein purchased 889 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were acquired at an average cost of $67.66 per share, with a total value of $60,149.74. Following the purchase, the director directly owned 13,588 shares of the company’s stock, valued at approximately $919,364.08. This trade represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
FIS has been the subject of several recent analyst reports. UBS Group raised Fidelity National Information Services from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, September 30th. Stephens cut their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Citigroup upgraded shares of Fidelity National Information Services to a “hold” rating in a research report on Thursday, October 23rd. Truist Financial dropped their price objective on shares of Fidelity National Information Services from $75.00 to $72.00 and set a “hold” rating for the company in a report on Friday. Finally, Keefe, Bruyette & Woods reduced their target price 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. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $87.94.
View Our Latest Stock Report on FIS
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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