Knuff & Co LLC lowered its stake in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 89.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,500 shares of the information technology services provider’s stock after selling 12,400 shares during the period. Knuff & Co LLC’s holdings in Fidelity National Information Services were worth $99,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in Fidelity National Information Services in the 3rd quarter valued at about $1,572,000. Invesco Ltd. increased its position in Fidelity National Information Services by 5.6% during 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. Douglass Winthrop Advisors LLC purchased a new stake in Fidelity National Information Services in the 3rd quarter worth approximately $246,000. BOKF NA lifted its position 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 worth $1,848,000 after buying an additional 159 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in Fidelity National Information Services in the 3rd quarter valued at $437,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity National Information Services Stock Performance
Fidelity National Information Services stock opened at $49.24 on Friday. The stock has a market capitalization of $25.33 billion, a price-to-earnings ratio of 67.45, a P/E/G ratio of 0.49 and a beta of 0.90. Fidelity National Information Services, Inc. has a 12-month low of $46.16 and a 12-month high of $82.74. The stock has a 50-day simple moving average of $55.13 and a 200 day simple moving average of $62.43. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.65.
Fidelity National Information Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a yield of 3.6%. Fidelity National Information Services’s payout ratio is 241.10%.
Insider Transactions at Fidelity National Information Services
In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 941 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average price of $64.11 per share, for a total transaction of $60,327.51. Following the completion of the transaction, the director owned 14,529 shares of the company’s stock, valued at approximately $931,454.19. This represents a 6.93% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephanie Ferris purchased 19,846 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were acquired at an average price of $50.39 per share, for a total transaction of $1,000,039.94. Following the completion of the purchase, the chief executive officer directly owned 281,458 shares of the company’s stock, valued at approximately $14,182,668.62. This trade represents a 7.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.
Wall Street Analyst Weigh In
FIS has been the topic of a number of research reports. Raymond James Financial lowered their price objective on Fidelity National Information Services from $82.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Fidelity National Information Services in a research note on Monday. They set a “buy” rating and a $70.00 target price for the company. Argus lowered their price target on Fidelity National Information Services from $92.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $70.00 target price on shares of Fidelity National Information Services in a research report on Thursday, January 15th. Finally, Citigroup lowered their price objective on shares of Fidelity National Information Services from $70.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.86.
Get Our Latest Stock Report 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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