SG Americas Securities LLC raised its stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 702.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 576,026 shares of the information technology services provider’s stock after purchasing an additional 504,215 shares during the quarter. SG Americas Securities LLC’s holdings in Fidelity National Information Services were worth $38,283,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in 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 acquiring an additional 191,957 shares during the last quarter. AGF Management Ltd. acquired a new stake in Fidelity National Information Services during the third quarter worth about $3,096,000. Independent Advisor Alliance increased its stake in Fidelity National Information Services by 177.8% during the third quarter. Independent Advisor Alliance now owns 39,987 shares of the information technology services provider’s stock worth $2,637,000 after acquiring an additional 25,593 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Fidelity National Information Services by 45.1% in the 3rd quarter. Assetmark Inc. now owns 265,518 shares of the information technology services provider’s stock worth $17,508,000 after purchasing an additional 82,518 shares during the period. Finally, LBP AM SA raised its holdings in shares of Fidelity National Information Services by 1,777.2% in the 3rd quarter. LBP AM SA now owns 72,984 shares of the information technology services provider’s stock worth $4,813,000 after purchasing an additional 69,096 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.
Fidelity National Information Services Price Performance
FIS stock opened at $47.64 on Thursday. The firm has a market cap of $24.51 billion, a P/E ratio of 65.26, a price-to-earnings-growth ratio of 0.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.59. Fidelity National Information Services, Inc. has a 1 year low of $46.16 and a 1 year high of $82.74. The stock has a 50-day simple moving average of $52.14 and a 200-day simple moving average of $61.13.
Fidelity National Information Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This is an increase from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.7%. Fidelity National Information Services’s dividend payout ratio is presently 241.10%.
Insider Buying and Selling at Fidelity National Information Services
In other news, Director Jeffrey A. Goldstein purchased 941 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was acquired at an average cost of $64.11 per share, with a total value of $60,327.51. Following the acquisition, the director owned 14,529 shares in the company, valued at approximately $931,454.19. This trade represents a 6.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephanie Ferris purchased 19,846 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of $50.39 per share, for a total transaction of $1,000,039.94. Following the purchase, the chief executive officer directly owned 281,458 shares in the company, valued at $14,182,668.62. This trade represents a 7.59% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.21% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
FIS has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on Fidelity National Information Services from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Stephens cut their price target on shares of Fidelity National Information Services from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Wells Fargo & Company reduced their price target on shares of Fidelity National Information Services from $81.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Citigroup decreased their price objective on shares of Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Fidelity National Information Services in a research note on Thursday, January 22nd. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.86.
View Our Latest Analysis on FIS
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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