London Co. of Virginia lessened its position in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,420,425 shares of the information technology services provider’s stock after selling 221,140 shares during the period. London Co. of Virginia’s holdings in Fidelity National Information Services were worth $160,862,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its stake in shares of Fidelity National Information Services by 15.4% in the fourth quarter. Nordea Investment Management AB now owns 1,440,210 shares of the information technology services provider’s stock valued at $96,048,000 after buying an additional 191,957 shares during the period. Clear Trail Advisors LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $2,590,000. SG Americas Securities LLC boosted its stake in shares of Fidelity National Information Services by 702.1% in the fourth quarter. SG Americas Securities LLC now owns 576,026 shares of the information technology services provider’s stock valued at $38,283,000 after buying an additional 504,215 shares during the period. Brighton Jones LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $347,000. Finally, Norges Bank bought a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $495,956,000. Institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Stock Up 1.5%
NYSE FIS opened at $39.55 on Wednesday. The business has a fifty day moving average price of $43.92 and a two-hundred day moving average price of $52.48. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. Fidelity National Information Services, Inc. has a fifty-two week low of $37.91 and a fifty-two week high of $82.74. The stock has a market capitalization of $20.44 billion, a PE ratio of 7.66, a PEG ratio of 0.38 and a beta of 0.79.
Fidelity National Information Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 4.5%. Fidelity National Information Services’s dividend payout ratio is presently 34.11%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on FIS shares. Citigroup cut their price target on Fidelity National Information Services from $53.00 to $48.00 in a research note on Friday, May 8th. Oppenheimer cut their price target on Fidelity National Information Services from $69.00 to $62.00 in a research note on Friday, May 8th. Weiss Ratings upgraded Fidelity National Information Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft cut their price target on Fidelity National Information Services from $55.00 to $50.00 in a research note on Monday, May 11th. Finally, Wall Street Zen cut Fidelity National Information Services from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Thirteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus target price of $61.33.
View Our Latest Report on Fidelity National Information Services
About Fidelity National Information Services
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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