Chicago Partners Investment Group LLC increased its position in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 205.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,555 shares of the information technology services provider’s stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Fidelity National Information Services in the fourth quarter valued at approximately $347,000. Geneos Wealth Management Inc. boosted its holdings in shares of Fidelity National Information Services by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,046 shares of the information technology services provider’s stock valued at $78,000 after acquiring an additional 431 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at $302,000. Marshall Wace LLP acquired a new stake in shares of Fidelity National Information Services in the second quarter worth $4,896,000. Finally, Cresset Asset Management LLC raised its holdings in shares of Fidelity National Information Services by 20.5% during the second quarter. Cresset Asset Management LLC now owns 5,290 shares of the information technology services provider’s stock worth $431,000 after purchasing an additional 901 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Stock Performance
NYSE:FIS opened at $41.18 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $21.28 billion, a PE ratio of 7.98, a P/E/G ratio of 0.40 and a beta of 0.80. Fidelity National Information Services, Inc. has a fifty-two week low of $37.42 and a fifty-two week high of $82.62. The company has a fifty day moving average of $41.12 and a two-hundred day moving average of $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 issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Information Services’s dividend payout ratio is presently 34.11%.
Analyst Upgrades and Downgrades
Several research firms have commented on FIS. Truist Financial lowered their price target on shares of Fidelity National Information Services from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 28th. Royal Bank Of Canada decreased their price objective on Fidelity National Information Services from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, May 8th. BNP Paribas Exane dropped their target price on Fidelity National Information Services from $40.00 to $37.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. Oppenheimer reduced their price target on Fidelity National Information Services from $69.00 to $62.00 in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Fidelity National Information Services from $55.00 to $50.00 in a report on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fidelity National Information Services has a consensus rating of “Hold” and an average price target of $58.77.
Check Out Our Latest Analysis 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.
Further Reading
- Five stocks we like better than Fidelity National Information Services
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.
