Jefferies Financial Group Inc. acquired a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 187,545 shares of the information technology services provider’s stock, valued at approximately $7,292,000.
Other large investors also recently added to or reduced their stakes in the company. Dodge & Cox boosted its holdings in shares of Fidelity National Information Services by 13.9% in the fourth quarter. Dodge & Cox now owns 49,113,297 shares of the information technology services provider’s stock valued at $3,264,070,000 after purchasing an additional 6,008,090 shares during the period. BlackRock Inc. purchased a new position in Fidelity National Information Services during the 2nd quarter worth $1,730,200,000. Capital Research Global Investors increased its holdings in Fidelity National Information Services by 0.6% during the 4th quarter. Capital Research Global Investors now owns 28,129,710 shares of the information technology services provider’s stock worth $1,869,507,000 after purchasing an additional 172,356 shares during the period. Charles Schwab Investment Management Inc. raised its position in Fidelity National Information Services by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,196,718 shares of the information technology services provider’s stock valued at $744,134,000 after purchasing an additional 514,490 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Fidelity National Information Services by 5.6% in the 3rd quarter. Invesco Ltd. now owns 8,515,321 shares of the information technology services provider’s stock worth $561,500,000 after buying an additional 448,712 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.
Fidelity National Information Services Trading Down 0.3%
FIS opened at $40.53 on Friday. The firm has a market cap of $20.95 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.42 and a beta of 0.77. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.96. Fidelity National Information Services, Inc. has a 12 month low of $37.42 and a 12 month high of $70.38. The stock has a fifty day moving average price of $41.57 and a 200-day moving average price of $44.42.
Fidelity National Information Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, September 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 27.04%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Fidelity National Information Services from $55.00 to $50.00 in a research report on Monday, May 11th. UBS Group reaffirmed a “neutral” rating and issued a $49.00 price objective (down from $63.00) on shares of Fidelity National Information Services in a research note on Wednesday, August 5th. Wells Fargo & Company reiterated an “equal weight” rating and set a $46.00 target price (down from $58.00) on shares of Fidelity National Information Services in a report on Tuesday. Citigroup cut their target price on shares of 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, BNP Paribas Exane reduced their price target on shares of Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $53.96.
Get Our Latest Analysis on FIS
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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