Tejara Capital Ltd bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 292,811 shares of the information technology services provider’s stock, valued at approximately $11,384,000. Fidelity National Information Services accounts for about 4.7% of Tejara Capital Ltd’s investment portfolio, making the stock its 2nd largest position. Tejara Capital Ltd owned about 0.06% of Fidelity National Information Services as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in FIS. BlackRock Inc. purchased a new stake in Fidelity National Information Services in the 2nd quarter worth approximately $1,730,200,000. Norges Bank acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth approximately $495,956,000. OP Asset Management Ltd purchased a new position in shares of Fidelity National Information Services during the 1st quarter valued at approximately $2,509,000. South Dakota Investment Council lifted its stake in shares of Fidelity National Information Services by 46.2% in the 1st quarter. South Dakota Investment Council now owns 228,021 shares of the information technology services provider’s stock valued at $10,696,000 after purchasing an additional 72,040 shares during the period. Finally, Brighton Jones LLC acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $347,000. 96.23% of the stock is owned by hedge funds and other institutional investors.
Fidelity National Information Services Price Performance
Shares of NYSE FIS opened at $40.58 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a fifty day moving average of $41.37 and a 200 day moving average of $44.82. The firm has a market cap of $20.97 billion, a PE ratio of 6.23, a PEG ratio of 0.42 and a beta of 0.77. Fidelity National Information Services, Inc. has a one year low of $37.42 and a one year high of $71.90.
Fidelity National Information Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s payout ratio is 27.04%.
Wall Street Analyst Weigh In
Several research firms recently commented on FIS. Weiss Ratings lowered shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. Stephens reissued an “equal weight” rating and set a $50.00 target price on shares of Fidelity National Information Services in a research note on Tuesday, August 11th. Citigroup dropped their target price on Fidelity National Information Services from $48.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company reduced their price target on Fidelity National Information Services from $67.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.39.
View Our Latest Report on Fidelity National Information Services
Fidelity National Information Services 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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