Chicago Partners Investment Group LLC increased its holdings in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 205.6% during the first quarter, HoldingsChannel.com reports. The fund owned 23,555 shares of the information technology services provider’s stock after buying an additional 15,848 shares during the period. Chicago Partners Investment Group LLC’s holdings in Fidelity National Information Services were worth $1,127,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. BOKF NA increased its holdings in shares of Fidelity National Information Services by 0.6% in the third quarter. BOKF NA now owns 28,031 shares of the information technology services provider’s stock valued at $1,848,000 after purchasing an additional 159 shares during the last quarter. Fiduciary Trust Co grew its holdings in Fidelity National Information Services by 4.9% in the 3rd quarter. Fiduciary Trust Co now owns 3,465 shares of the information technology services provider’s stock valued at $228,000 after buying an additional 161 shares in the last quarter. FJ Capital Management LLC increased its stake in shares of Fidelity National Information Services by 4.7% in the 2nd quarter. FJ Capital Management LLC now owns 3,600 shares of the information technology services provider’s stock worth $293,000 after acquiring an additional 163 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Fidelity National Information Services by 15.6% during the 4th quarter. Spire Wealth Management now owns 1,299 shares of the information technology services provider’s stock worth $86,000 after acquiring an additional 175 shares during the period. Finally, Salomon & Ludwin LLC boosted its position in shares of Fidelity National Information Services by 100.5% during the 4th quarter. Salomon & Ludwin LLC now owns 387 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 194 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.
Fidelity National Information Services Stock Up 1.5%
Shares of NYSE FIS opened at $41.18 on Thursday. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 0.40 and a beta of 0.80. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.05. Fidelity National Information Services, Inc. has a 52-week low of $37.42 and a 52-week high of $82.62. The business’s 50 day moving average is $41.12 and its two-hundred day moving average is $48.58.
Fidelity National Information Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, June 11th. Fidelity National Information Services’s payout ratio is currently 34.11%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on FIS shares. Weiss Ratings lowered shares of Fidelity National Information Services from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Information Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Barclays began coverage on Fidelity National Information Services in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $44.00 target price for the company. Stephens decreased their price target on Fidelity National Information Services from $85.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, Morgan Stanley assumed coverage on Fidelity National Information Services in a report on Tuesday, July 7th. They set an “equal weight” rating and a $47.00 price target for the company. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $58.77.
Read Our Latest Report on Fidelity National Information Services
Fidelity National Information Services Company 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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